1 00:00:02,920 --> 00:00:10,600 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the 2 00:00:10,640 --> 00:00:14,560 Speaker 1: Bloomberg Balance of Power podcast. Catch Just Live weekdays at 3 00:00:14,560 --> 00:00:16,959 Speaker 1: noon Eastern on Apple car Play and then Roud Auto 4 00:00:17,040 --> 00:00:20,080 Speaker 1: with the Bloomberg Business App. Listen on demand wherever you 5 00:00:20,160 --> 00:00:25,000 Speaker 1: get your podcasts, or watch us live on YouTube. 6 00:00:26,680 --> 00:00:29,560 Speaker 2: I'm katelie Lines alongside Joe Matthew here in Washington, where 7 00:00:29,560 --> 00:00:31,640 Speaker 2: we have kept an eye all week on the Middle 8 00:00:31,680 --> 00:00:35,360 Speaker 2: East after a series of events between Israel and Hesbela 9 00:00:35,880 --> 00:00:38,879 Speaker 2: pager explosions followed by walkie talkie explosions that have been 10 00:00:38,880 --> 00:00:42,360 Speaker 2: blamed on Israel, though Israel has not taken credit. Now 11 00:00:42,400 --> 00:00:45,080 Speaker 2: more strikes today in the suburbs of Beirut that have 12 00:00:45,159 --> 00:00:48,440 Speaker 2: killed another senior Hesbela commander. We have heard from the 13 00:00:48,479 --> 00:00:52,000 Speaker 2: Israeli military spokesperson, Real Admiral Daniel Hgari, just within the 14 00:00:52,080 --> 00:00:54,920 Speaker 2: last hour or so in a televised briefing show. He says, 15 00:00:54,960 --> 00:00:59,120 Speaker 2: we are not seeking a broad regional escalation, but even 16 00:00:59,160 --> 00:01:01,160 Speaker 2: if they're not sneak seeking it, the fear is that 17 00:01:01,200 --> 00:01:02,920 Speaker 2: it could still create. 18 00:01:02,760 --> 00:01:04,839 Speaker 3: Yeah, is it too late to turn back after what's 19 00:01:04,880 --> 00:01:08,240 Speaker 3: already been done? Here and questions at the White House 20 00:01:08,240 --> 00:01:10,640 Speaker 3: about the future of a ceasefire deal. As we mentioned, 21 00:01:11,120 --> 00:01:13,920 Speaker 3: President Biden refuting reports out there today that they have 22 00:01:14,280 --> 00:01:16,160 Speaker 3: turned away from this. And we're joined at the table 23 00:01:16,200 --> 00:01:18,400 Speaker 3: now by Nick Wadhams, who of course runs our National 24 00:01:18,400 --> 00:01:21,440 Speaker 3: security team here in Washington, d C. And has been 25 00:01:22,120 --> 00:01:24,759 Speaker 3: a very helpful hand on this story throughout the week. Nick, 26 00:01:24,800 --> 00:01:27,480 Speaker 3: it's great to have you back. Maybe you can describe 27 00:01:27,480 --> 00:01:29,479 Speaker 3: the moment that we're in here as we wait for 28 00:01:29,800 --> 00:01:32,200 Speaker 3: the next shoe to drop, right, and the White House 29 00:01:32,200 --> 00:01:34,360 Speaker 3: says it's still working on a ceasefire. How could this 30 00:01:34,400 --> 00:01:35,320 Speaker 3: all be happening at once. 31 00:01:35,560 --> 00:01:38,319 Speaker 4: Well, I think a couple issues here. One is ceasefire 32 00:01:38,560 --> 00:01:41,039 Speaker 4: is just not going to happen anytime soon. Is the 33 00:01:41,080 --> 00:01:43,319 Speaker 4: feeling in the White House? I mean, folks we're talking to, 34 00:01:44,160 --> 00:01:46,560 Speaker 4: I think have a feeling that this is really not 35 00:01:46,600 --> 00:01:49,040 Speaker 4: going to happen until after the election at the very least, 36 00:01:49,080 --> 00:01:51,760 Speaker 4: and well into next year. So that's one issue. I mean, 37 00:01:51,960 --> 00:01:54,400 Speaker 4: it's so interesting to me the comments you side from 38 00:01:54,440 --> 00:01:57,320 Speaker 4: the spokesman saying they don't want an escalation. I mean, 39 00:01:58,160 --> 00:02:01,440 Speaker 4: the big question is are we headed toward the precipice 40 00:02:01,760 --> 00:02:04,600 Speaker 4: on a regional war? And when you look at this 41 00:02:04,760 --> 00:02:07,480 Speaker 4: back and forth, the pager explosions. You know, more than 42 00:02:07,520 --> 00:02:11,320 Speaker 4: twenty five people killed. Hesbill shoots about one hundred and 43 00:02:11,360 --> 00:02:14,760 Speaker 4: fifty rockets last night, Israel kills the senior Hesbolo commanded. 44 00:02:14,919 --> 00:02:18,600 Speaker 4: I mean, it feels like we're in it. So you know, 45 00:02:19,360 --> 00:02:21,520 Speaker 4: how much worse can it get? It can get a 46 00:02:21,520 --> 00:02:24,840 Speaker 4: lot worse, But it feels like we are moving toward 47 00:02:25,160 --> 00:02:28,240 Speaker 4: I don't know what else open conflict would look like 48 00:02:28,280 --> 00:02:29,440 Speaker 4: between Israel and has Belah. 49 00:02:29,520 --> 00:02:31,519 Speaker 2: Yeah, it does strike me that this is not necessarily 50 00:02:31,639 --> 00:02:34,640 Speaker 2: black and white. We are engaged in a war or 51 00:02:34,680 --> 00:02:37,920 Speaker 2: we are not. Clearly, there's a lot of gray area here. 52 00:02:38,000 --> 00:02:39,880 Speaker 2: And when Israel says our goal is not to start 53 00:02:39,919 --> 00:02:42,400 Speaker 2: a regional war, goal is to just return Israeli's to 54 00:02:42,520 --> 00:02:44,760 Speaker 2: the north of the country, what if a war is 55 00:02:44,800 --> 00:02:48,200 Speaker 2: required to do that. These aren't mutually exclusive. 56 00:02:47,680 --> 00:02:51,880 Speaker 4: Things, right, And there's some questions from the administration as 57 00:02:51,880 --> 00:02:54,920 Speaker 4: well about what the Israeli strategy because they say, you 58 00:02:54,919 --> 00:02:58,440 Speaker 4: know this, these pa this pager attack was meant to 59 00:02:58,800 --> 00:03:03,760 Speaker 4: essentially get has Belah to realize that we had won, 60 00:03:03,880 --> 00:03:06,839 Speaker 4: that people were going back and they need to get 61 00:03:06,840 --> 00:03:09,280 Speaker 4: with the program and accept the fact that people are 62 00:03:09,280 --> 00:03:11,200 Speaker 4: going to go back into the North, and it's like, well, 63 00:03:11,600 --> 00:03:14,360 Speaker 4: if your Hesballah and Israel does that to you, I 64 00:03:14,400 --> 00:03:17,680 Speaker 4: don't think the response is necessarily going to be like Okay, 65 00:03:17,919 --> 00:03:21,240 Speaker 4: we put our hands up, we give up. It's just 66 00:03:21,320 --> 00:03:24,440 Speaker 4: going to lead toward the desire for further retaliation. And 67 00:03:24,480 --> 00:03:25,960 Speaker 4: that's the sort of escalatory spile. 68 00:03:26,120 --> 00:03:28,800 Speaker 3: Well, it just does escalate it. We see Hesbelah, for instance, 69 00:03:28,919 --> 00:03:33,240 Speaker 3: using ballistic missiles against Israel. What does that mean for 70 00:03:33,360 --> 00:03:37,520 Speaker 3: the US as a helping hand in defending Israel. We 71 00:03:37,600 --> 00:03:41,800 Speaker 3: saw when the Iranians attack, for instance, actual American aircraft 72 00:03:41,840 --> 00:03:46,000 Speaker 3: shooting down missiles air to air. This could get very 73 00:03:46,080 --> 00:03:47,520 Speaker 3: dangerous for Americans very. 74 00:03:47,480 --> 00:03:50,200 Speaker 4: Quickly, right, I think what you would see is more 75 00:03:50,320 --> 00:03:53,120 Speaker 4: US involvement. And when you talk about the nightmare scenario 76 00:03:53,480 --> 00:03:56,240 Speaker 4: and escalation, I mean that really is the one that 77 00:03:56,360 --> 00:03:59,800 Speaker 4: everybody is afraid of. That it's not just Israel and 78 00:04:00,240 --> 00:04:04,920 Speaker 4: Belah exchanging fire. It's the who thies, it's Hesbolah, it's Hamas, 79 00:04:05,040 --> 00:04:08,720 Speaker 4: it's Iran itself all doing this and attacking Israel at 80 00:04:08,760 --> 00:04:11,400 Speaker 4: one time where you would then require the US to 81 00:04:11,440 --> 00:04:13,600 Speaker 4: come in. I mean that strike in April, you had 82 00:04:13,680 --> 00:04:17,839 Speaker 4: the UK and other countries also involved. All those countries 83 00:04:17,880 --> 00:04:20,360 Speaker 4: would come in. Jordan was involved, and suddenly you have 84 00:04:21,520 --> 00:04:24,680 Speaker 4: active participation. What if a US fighter jet gets shut down? 85 00:04:24,720 --> 00:04:28,400 Speaker 4: What if a missile hits a US ship out in 86 00:04:28,440 --> 00:04:30,719 Speaker 4: the Mediterranean Sea. I mean, there are all sorts of 87 00:04:30,760 --> 00:04:33,000 Speaker 4: ways that this could play out very badly well. 88 00:04:33,000 --> 00:04:35,880 Speaker 2: And I wonder as we kind of talk about not 89 00:04:35,960 --> 00:04:38,440 Speaker 2: to say that it is a slow burn, because obviously 90 00:04:38,560 --> 00:04:41,279 Speaker 2: there are things happening and people are losing their lives 91 00:04:41,279 --> 00:04:44,880 Speaker 2: in Lebanon at the moment, But the pace of escalation 92 00:04:45,200 --> 00:04:47,200 Speaker 2: if all of a sudden it is outright war between 93 00:04:47,400 --> 00:04:49,800 Speaker 2: Israel and hesbela, how quickly that could become more not 94 00:04:49,880 --> 00:04:52,679 Speaker 2: just between Israel and Hesbel and maybe Iran, but actually 95 00:04:52,760 --> 00:04:55,760 Speaker 2: the US directly engaged with adversaries in the Middleast in 96 00:04:55,800 --> 00:04:58,160 Speaker 2: more than just a defensive support kind of way, right. 97 00:04:58,200 --> 00:05:02,279 Speaker 4: And I do think that is where where people will say, listen, 98 00:05:02,480 --> 00:05:07,440 Speaker 4: there is some hope here that it won't happen, because ultimately, no, 99 00:05:07,800 --> 00:05:11,240 Speaker 4: that is a scenario that no one really wants. I mean, 100 00:05:13,480 --> 00:05:16,800 Speaker 4: Hesba La, I think they understand they would not win 101 00:05:17,080 --> 00:05:21,920 Speaker 4: a full war with Israel. Israel does not necessarily want 102 00:05:23,040 --> 00:05:27,400 Speaker 4: to commit a massive ground assault into Lebanon. Iran does 103 00:05:27,480 --> 00:05:30,080 Speaker 4: not want full blown war. The US certainly doesn't. So 104 00:05:30,120 --> 00:05:32,120 Speaker 4: that's why I think you've also seen this sort of 105 00:05:32,960 --> 00:05:35,640 Speaker 4: I mean, you're right, it's not even necessarily a low boil, 106 00:05:36,160 --> 00:05:40,520 Speaker 4: but why you always see these actions and then a 107 00:05:40,560 --> 00:05:43,240 Speaker 4: scale down and then they're actually and it scales back, 108 00:05:43,240 --> 00:05:45,120 Speaker 4: and it sort of feels like all sides sort of 109 00:05:45,120 --> 00:05:48,240 Speaker 4: recognize they're testing the margins of that. But so far 110 00:05:48,320 --> 00:05:51,799 Speaker 4: we still at least see that scenario holding where where 111 00:05:51,960 --> 00:05:54,680 Speaker 4: all sides agree listen, we do not want this to 112 00:05:54,760 --> 00:05:56,960 Speaker 4: get sort of above a certain level, all. 113 00:05:56,880 --> 00:05:59,880 Speaker 2: Right, Bloomberg's Nick Wadams, who leads our national security cover. 114 00:06:00,120 --> 00:06:01,599 Speaker 2: Has been a long weeks for you. Thank you so 115 00:06:01,720 --> 00:06:04,640 Speaker 2: much for your continued reporting on this, and we want 116 00:06:04,680 --> 00:06:06,360 Speaker 2: to get more on what's happening in the Middle East 117 00:06:06,400 --> 00:06:08,560 Speaker 2: and other issues. Now live from Capitol Hill, where we're 118 00:06:08,640 --> 00:06:12,040 Speaker 2: joined by a member of the House Armed Services Committee, 119 00:06:12,640 --> 00:06:15,520 Speaker 2: Congresswoman Mikey Cheryl from New Jersey, the Democrat, is with 120 00:06:15,600 --> 00:06:18,359 Speaker 2: us now. She of course, is a former Navy helicopter 121 00:06:18,480 --> 00:06:21,719 Speaker 2: pilot herself. Congresswoman, thank you so much for being here 122 00:06:21,760 --> 00:06:24,080 Speaker 2: with us on Bloomberg TV and radio. I'm not sure 123 00:06:24,120 --> 00:06:27,800 Speaker 2: how much have you heard of our conversation with our 124 00:06:27,920 --> 00:06:30,159 Speaker 2: very own Nick Waddams there, But how concerned are you 125 00:06:30,320 --> 00:06:33,440 Speaker 2: that there is potential for miscalculation or escalation from either 126 00:06:33,560 --> 00:06:37,039 Speaker 2: Israel or from Hesbela that ultimately could result in US 127 00:06:37,160 --> 00:06:40,760 Speaker 2: service members being put directly in Harmswick, Well. 128 00:06:40,600 --> 00:06:43,919 Speaker 5: I'm incredibly concerned, and I think something that if I 129 00:06:43,960 --> 00:06:46,680 Speaker 5: were the sector or sex state, that I would be 130 00:06:46,720 --> 00:06:50,200 Speaker 5: having some very hard conversations with my Israeli colleagues about 131 00:06:50,600 --> 00:06:54,400 Speaker 5: is why the US wasn't informed. We are very engaged 132 00:06:54,440 --> 00:06:57,760 Speaker 5: where we've been very supportive of Israel, and yet there 133 00:06:57,920 --> 00:07:00,679 Speaker 5: was no heads up about the page ers. In fact, 134 00:07:00,880 --> 00:07:03,159 Speaker 5: there appears to have been no strategy. Some of the 135 00:07:03,240 --> 00:07:06,280 Speaker 5: reporting is that they had decided this was a use 136 00:07:06,360 --> 00:07:09,520 Speaker 5: it or lose it situation. That's a quote by a 137 00:07:09,520 --> 00:07:13,200 Speaker 5: former senior Israeli official, And there was no strategy behind it, 138 00:07:13,280 --> 00:07:15,880 Speaker 5: and that's something I have big questions about. What is 139 00:07:15,920 --> 00:07:20,320 Speaker 5: the strategy here? As you heard earlier, this idea that 140 00:07:20,400 --> 00:07:22,840 Speaker 5: somehow they were going to show Hisbolla that they had 141 00:07:22,920 --> 00:07:28,480 Speaker 5: won this by exploding these pages, I think is very questionable, 142 00:07:29,040 --> 00:07:32,080 Speaker 5: to say the least, and it's also a question about 143 00:07:32,080 --> 00:07:35,640 Speaker 5: the larger strategy with respect to Gaza, because we know 144 00:07:36,160 --> 00:07:40,360 Speaker 5: US forces have already been put in peril, so Israel 145 00:07:40,480 --> 00:07:43,400 Speaker 5: needs to bring the United States into the decision making. 146 00:07:43,680 --> 00:07:46,600 Speaker 5: We've been working overtime to try to have a cease 147 00:07:46,640 --> 00:07:50,560 Speaker 5: fire that has been undermined by net NYAHUO again and 148 00:07:50,600 --> 00:07:53,360 Speaker 5: again and again. And I think we even see within 149 00:07:53,680 --> 00:07:58,600 Speaker 5: the Israeli government people like the Minister of Defense Gallant, 150 00:07:59,000 --> 00:08:02,480 Speaker 5: questioning what the strategy is here, and now we are 151 00:08:02,520 --> 00:08:05,160 Speaker 5: hearing reports that he and Netnyahu have a rift. So 152 00:08:05,640 --> 00:08:08,840 Speaker 5: there is a real question right now as to how 153 00:08:08,920 --> 00:08:12,480 Speaker 5: we move forward and make sure that this does not devolve. 154 00:08:13,280 --> 00:08:16,480 Speaker 5: One of the things that scared me about the conversation 155 00:08:16,600 --> 00:08:19,800 Speaker 5: you just had is a conversation about how could this 156 00:08:19,880 --> 00:08:22,440 Speaker 5: get worse? It could get a lot worse, and that 157 00:08:22,560 --> 00:08:23,680 Speaker 5: is my concern right now. 158 00:08:24,520 --> 00:08:27,120 Speaker 3: Well, I can hear the concern in your voice, Congresswoman, 159 00:08:27,160 --> 00:08:29,000 Speaker 3: and we do appreciate your being with us today. I 160 00:08:29,040 --> 00:08:32,040 Speaker 3: guess my question is how far are you prepared to go? 161 00:08:32,080 --> 00:08:34,520 Speaker 3: Then this could happen at any moment, if something did 162 00:08:35,080 --> 00:08:38,360 Speaker 3: begin to happen wider between Israel and Hesba Lah, if 163 00:08:38,360 --> 00:08:42,760 Speaker 3: there is a concerted retaliatory strike against Israel that could 164 00:08:42,840 --> 00:08:47,280 Speaker 3: involve ballistic missiles. What role should we ask our airmen 165 00:08:47,440 --> 00:08:48,800 Speaker 3: and sailors to play. 166 00:08:50,280 --> 00:08:53,240 Speaker 5: Well, that that is why we are working so hard 167 00:08:53,280 --> 00:08:56,360 Speaker 5: to not get to that point. The United States has 168 00:08:56,640 --> 00:08:59,760 Speaker 5: during this conflict carriers into the region. We've reached out 169 00:08:59,800 --> 00:09:04,360 Speaker 5: through our allies to say we will not tolerate those 170 00:09:04,400 --> 00:09:08,079 Speaker 5: types of attacks on Israel. But again, if we are 171 00:09:08,080 --> 00:09:09,880 Speaker 5: going to move forward, if we are going to help 172 00:09:09,960 --> 00:09:14,360 Speaker 5: create regional stability, I think with our you know, with Israel, 173 00:09:14,440 --> 00:09:16,800 Speaker 5: we need to understand the strategy and we need to 174 00:09:16,800 --> 00:09:19,400 Speaker 5: be brought into that strategy. 175 00:09:20,480 --> 00:09:20,680 Speaker 6: Well. 176 00:09:20,679 --> 00:09:23,080 Speaker 2: Of course, as we consider the role the US could 177 00:09:23,120 --> 00:09:26,360 Speaker 2: play in any of these hypothetical scenarios in which many 178 00:09:26,400 --> 00:09:28,680 Speaker 2: of which, of course the US is actively working to avoid, 179 00:09:28,720 --> 00:09:32,800 Speaker 2: it does raise the question around military readiness. And this 180 00:09:33,000 --> 00:09:36,000 Speaker 2: was in part conversation that was being had on Capitol 181 00:09:36,080 --> 00:09:39,320 Speaker 2: Hill this week. Is obviously, your Chambers shot down a 182 00:09:39,320 --> 00:09:42,079 Speaker 2: continuing resolution that would have extended for six months and 183 00:09:42,200 --> 00:09:44,600 Speaker 2: raised concern among defense SoCs about the impact it could 184 00:09:44,640 --> 00:09:47,480 Speaker 2: have on the budget of the Pentagon. Now the talk, 185 00:09:47,520 --> 00:09:50,280 Speaker 2: Congresswoman is that it will be a three month clean 186 00:09:50,400 --> 00:09:52,840 Speaker 2: continuing resolution, are you prepared to support that. 187 00:09:55,200 --> 00:09:58,120 Speaker 5: We do need a clean continuing resolution, and those are 188 00:09:58,160 --> 00:10:00,520 Speaker 5: the talks right now, and we need to make sure 189 00:10:00,559 --> 00:10:02,800 Speaker 5: that it doesn't last too long because here's the problem 190 00:10:02,840 --> 00:10:06,720 Speaker 5: with continuing resolutions for the DoD. They do not allow 191 00:10:06,760 --> 00:10:09,880 Speaker 5: for new start programs. So all of the programs that 192 00:10:09,920 --> 00:10:11,800 Speaker 5: we have been working on over the year that we 193 00:10:11,920 --> 00:10:15,480 Speaker 5: think are important for the security and readiness of our 194 00:10:15,880 --> 00:10:20,800 Speaker 5: military will not be started. We also are going to 195 00:10:20,880 --> 00:10:24,160 Speaker 5: have to stop some programs that can't grow because they 196 00:10:24,160 --> 00:10:27,160 Speaker 5: don't have next year's appropriations past, they have to stay 197 00:10:27,200 --> 00:10:30,040 Speaker 5: at this year's numbers. This all comes at a time 198 00:10:30,120 --> 00:10:33,120 Speaker 5: as we are looking over our national defense strategy and 199 00:10:33,240 --> 00:10:37,119 Speaker 5: seeing some real concerns about how we fund the military 200 00:10:37,160 --> 00:10:40,079 Speaker 5: of the future and where we are investing. We need 201 00:10:40,120 --> 00:10:42,920 Speaker 5: to be more innovative. We need to figure out how 202 00:10:42,960 --> 00:10:46,000 Speaker 5: to do this more economically, in many cases with off 203 00:10:46,040 --> 00:10:49,360 Speaker 5: the shelf technology. But these conversations will come to a 204 00:10:49,440 --> 00:10:53,320 Speaker 5: halt if we are simply operating on last year's appropriations. 205 00:10:54,440 --> 00:10:57,679 Speaker 3: Well, how about we deal with the matter at hand first? Though, 206 00:10:57,720 --> 00:10:59,720 Speaker 3: in eleven days, is the government going to shut down? 207 00:11:01,440 --> 00:11:04,560 Speaker 5: You know, I think from what I am hearing, we 208 00:11:04,679 --> 00:11:09,600 Speaker 5: are working together to get a continuing resolution passed that 209 00:11:09,640 --> 00:11:13,520 Speaker 5: will be a clean continuing resolution. I would suspect it 210 00:11:13,600 --> 00:11:16,960 Speaker 5: will go past this election, so we can take it 211 00:11:17,000 --> 00:11:20,360 Speaker 5: out of some of this partisan atmosphere and really get 212 00:11:20,400 --> 00:11:23,720 Speaker 5: down to work in the lame duck, in the lame 213 00:11:23,800 --> 00:11:26,640 Speaker 5: duck session, so we can get our appropriations passed before 214 00:11:26,640 --> 00:11:28,720 Speaker 5: the new year. That is very much what I would 215 00:11:28,800 --> 00:11:31,959 Speaker 5: like to do. It is a shame that we are 216 00:11:31,960 --> 00:11:35,720 Speaker 5: in this partisan fight, that the Majority continues to put 217 00:11:35,720 --> 00:11:38,880 Speaker 5: these bills on the floor that are partisan bills. I 218 00:11:39,000 --> 00:11:42,560 Speaker 5: know that former President Trump has suggested we shut the 219 00:11:42,600 --> 00:11:45,440 Speaker 5: government down. I very much hope we don't do that. 220 00:11:45,920 --> 00:11:48,600 Speaker 5: He was the president the last time and the longest 221 00:11:48,640 --> 00:11:50,840 Speaker 5: time we shut the government down. I think that cost 222 00:11:50,960 --> 00:11:54,920 Speaker 5: our GDP about eleven billion dollars according to the CBO. 223 00:11:55,320 --> 00:11:55,920 Speaker 7: So this is. 224 00:11:55,880 --> 00:11:58,560 Speaker 5: Something that's bad for the economy, bad for the country, 225 00:11:58,800 --> 00:12:01,199 Speaker 5: and certainly bad for all of those people who serve 226 00:12:02,040 --> 00:12:04,480 Speaker 5: the public in these jobs that will be shut down 227 00:12:04,480 --> 00:12:06,120 Speaker 5: and they won't be receiving paychecks. 228 00:12:07,200 --> 00:12:07,360 Speaker 8: Well. 229 00:12:07,360 --> 00:12:10,040 Speaker 2: Of course, the notion that Republicans should not vote for 230 00:12:10,080 --> 00:12:13,760 Speaker 2: any continuing resolution that doesn't include election security measures was 231 00:12:13,840 --> 00:12:16,680 Speaker 2: something we heard from Donald Trump this week. But that 232 00:12:16,760 --> 00:12:19,920 Speaker 2: is not all, congress Woman. He also and a rally 233 00:12:19,920 --> 00:12:22,720 Speaker 2: in Long Island this week, suggested that he wants to 234 00:12:22,720 --> 00:12:24,760 Speaker 2: remove the salt cap, which yes, we know was put 235 00:12:24,800 --> 00:12:28,040 Speaker 2: into place during his first administration with the twenty seventeen 236 00:12:28,120 --> 00:12:30,719 Speaker 2: tax cuts in the first place. But for states like 237 00:12:30,760 --> 00:12:34,480 Speaker 2: the one you represent, New Jersey, isn't this welcome news? 238 00:12:36,320 --> 00:12:36,439 Speaker 6: You know? 239 00:12:36,760 --> 00:12:38,880 Speaker 5: Really, where has he been on this? I mean, he 240 00:12:38,920 --> 00:12:42,679 Speaker 5: implements this in twenty seventeen, It's been disastrous for New Jersey. 241 00:12:42,960 --> 00:12:45,280 Speaker 5: There have been numerous bills that I've worked on to 242 00:12:45,320 --> 00:12:48,760 Speaker 5: pass through the House that we could not get through 243 00:12:48,800 --> 00:12:52,520 Speaker 5: the Republican Senate. I have a bill now that I've 244 00:12:52,520 --> 00:12:55,680 Speaker 5: been promoting. If President Trump, at former President Trump wants 245 00:12:55,760 --> 00:12:59,040 Speaker 5: to see us getting rid of the state and local 246 00:12:59,080 --> 00:13:01,559 Speaker 5: tax deduction cap, which I very much want to do, 247 00:13:01,960 --> 00:13:06,000 Speaker 5: then he has the legislative proposals to do so he 248 00:13:06,600 --> 00:13:09,920 Speaker 5: You know, I just don't find this sudden change of 249 00:13:10,000 --> 00:13:12,839 Speaker 5: heart in Long Island at a rally with people who 250 00:13:12,840 --> 00:13:14,959 Speaker 5: would want to see us getting rid of this cap 251 00:13:15,440 --> 00:13:19,560 Speaker 5: very credible. He has real actions he could take to 252 00:13:19,760 --> 00:13:22,520 Speaker 5: get rid of this disastrous plan he put into place. 253 00:13:22,600 --> 00:13:24,120 Speaker 5: So I would like to see him do that. 254 00:13:25,320 --> 00:13:28,520 Speaker 3: But you actually, to Kaylee's point, you have legislation that 255 00:13:28,559 --> 00:13:31,760 Speaker 3: would help to restore the salt deduction. Have you talked 256 00:13:31,760 --> 00:13:34,120 Speaker 3: to the Trump campaign about this? Will you reach across 257 00:13:34,160 --> 00:13:35,640 Speaker 3: the island make this work? 258 00:13:36,600 --> 00:13:39,199 Speaker 5: I will certainly make a suggestion to them and alert 259 00:13:39,280 --> 00:13:42,520 Speaker 5: them to my legislation, because look, I am always fighting 260 00:13:42,520 --> 00:13:46,360 Speaker 5: for New Jerseyans. I put governing ahead of partisan politics. 261 00:13:46,760 --> 00:13:49,880 Speaker 5: It would be great if Trump would do that. I've 262 00:13:49,920 --> 00:13:50,920 Speaker 5: not seen it yet. 263 00:13:51,200 --> 00:13:53,080 Speaker 3: So you haven't heard from Speaker Johnson out. 264 00:13:53,200 --> 00:13:53,760 Speaker 7: But I'd like to. 265 00:13:54,600 --> 00:13:56,719 Speaker 5: I've not heard from Speaker Johnson on this. I will 266 00:13:56,760 --> 00:13:57,560 Speaker 5: reach out to him. 267 00:14:00,000 --> 00:14:02,240 Speaker 2: All right, Well, as we look for progress on that 268 00:14:02,360 --> 00:14:05,240 Speaker 2: legislation you've put forward, Congresswoman, I'd like to talk about 269 00:14:05,240 --> 00:14:08,640 Speaker 2: another bill U co sponsored, and it's one to award 270 00:14:08,640 --> 00:14:13,160 Speaker 2: the Congressional Medal of Honor to Billy Jean King did 271 00:14:13,200 --> 00:14:15,920 Speaker 2: pass the House. Indeed, would love in our final moment 272 00:14:16,000 --> 00:14:18,640 Speaker 2: with you, Congresswoman, just to hear more from you on this. 273 00:14:18,800 --> 00:14:21,840 Speaker 2: She's the first female athlete to receive this honor. 274 00:14:23,040 --> 00:14:26,920 Speaker 5: Yeah, she'll be the first female individual athlete to receive 275 00:14:27,000 --> 00:14:31,280 Speaker 5: this honor, which I'm so incredibly proud to be able 276 00:14:31,320 --> 00:14:34,480 Speaker 5: to deliver on this with my colleague Brian Fitzpatrick, Nicole 277 00:14:34,520 --> 00:14:37,240 Speaker 5: Mally Attakas worked hard on this and we were able 278 00:14:37,320 --> 00:14:40,720 Speaker 5: to get it across the finish line. This is really 279 00:14:40,840 --> 00:14:43,840 Speaker 5: She is such an iconic figure and such a figure 280 00:14:43,880 --> 00:14:48,400 Speaker 5: that transcends so many generations. So when Brian Fitzpatrick was 281 00:14:48,480 --> 00:14:51,520 Speaker 5: talking about this legislation and told his mother he was 282 00:14:51,560 --> 00:14:54,160 Speaker 5: going to meet Billy Jean King, his ninety year old 283 00:14:54,240 --> 00:14:58,280 Speaker 5: mother was thrilled. When I told my nineteen year old 284 00:14:58,360 --> 00:15:00,840 Speaker 5: daughter that I was going to meet Billy Jean King, 285 00:15:00,960 --> 00:15:04,479 Speaker 5: she got tears in her eyes. Billy Jean King represents 286 00:15:04,720 --> 00:15:09,280 Speaker 5: such a fight for women, for equity, for Title nine 287 00:15:09,440 --> 00:15:12,360 Speaker 5: and has made a huge difference. And I just I 288 00:15:12,480 --> 00:15:15,520 Speaker 5: was sitting last night at a basketball game for the 289 00:15:15,640 --> 00:15:18,680 Speaker 5: WNBA between the Mystics and the Fever, and it was 290 00:15:18,720 --> 00:15:21,840 Speaker 5: a sellout crowd, of record setting crowd, and as I 291 00:15:21,920 --> 00:15:25,680 Speaker 5: looked across that arena, I couldn't help but think about 292 00:15:25,720 --> 00:15:28,200 Speaker 5: how it was Billy Jean King's work that got us 293 00:15:28,240 --> 00:15:30,520 Speaker 5: to that point and we need to continue that. And 294 00:15:30,560 --> 00:15:33,640 Speaker 5: I would just end by saying that today marks the 295 00:15:33,680 --> 00:15:37,440 Speaker 5: fifty first anniversary of the Battle of the Sexes, that 296 00:15:38,040 --> 00:15:40,560 Speaker 5: most iconic moment when she beat Bobby Riggs. 297 00:15:41,400 --> 00:15:43,360 Speaker 3: Wow, what a great moment to spend some time with 298 00:15:43,400 --> 00:15:46,240 Speaker 3: Congresswoman Mikey Cheryl. Thank you, Congresswoman for being with us 299 00:15:46,240 --> 00:15:47,920 Speaker 3: here and thank you for your service. 300 00:15:49,360 --> 00:15:52,800 Speaker 1: You're listening to the Bloomberg Balance of Power podcast kens 301 00:15:52,880 --> 00:15:55,880 Speaker 1: Just Live weekdays at noon Eastern on Appocarplay and then 302 00:15:56,000 --> 00:15:58,920 Speaker 1: Rodoto with a Bloomberg Business app. You can also listen 303 00:15:59,040 --> 00:16:02,160 Speaker 1: live on Amazon and Alexa from our flagship New York station, 304 00:16:02,440 --> 00:16:05,240 Speaker 1: jo Say Alexa play. Bloomberg eleven thirty. 305 00:16:08,080 --> 00:16:10,800 Speaker 3: A big deal here for pharmacy benefits managers and a 306 00:16:10,840 --> 00:16:14,160 Speaker 3: story that Bloomberg's Tyler Kendall has been working on for weeks. 307 00:16:14,160 --> 00:16:16,960 Speaker 3: We can finally bring you some information now on what 308 00:16:17,160 --> 00:16:20,840 Speaker 3: involves three publicly traded companies and could be the beginning 309 00:16:20,920 --> 00:16:23,200 Speaker 3: of something larger. Tyler. Thanks for being with us here 310 00:16:23,240 --> 00:16:23,720 Speaker 3: at the table. 311 00:16:23,760 --> 00:16:24,160 Speaker 9: What do we know? 312 00:16:24,400 --> 00:16:26,880 Speaker 10: Yeah, Hey, Joe So, a Federal Trade Commissions source tells 313 00:16:26,920 --> 00:16:29,280 Speaker 10: me that this has been a long time coming. The 314 00:16:29,320 --> 00:16:33,400 Speaker 10: agency taking this administrative action against three of the largest 315 00:16:33,520 --> 00:16:36,640 Speaker 10: US healthcare companies and their subsidiaries. As you mentioned, PBM's 316 00:16:36,680 --> 00:16:39,800 Speaker 10: pharmacy benefit managers will name them again just one more time, 317 00:16:39,840 --> 00:16:43,800 Speaker 10: CBS's care Mark, Signa's express Scripts, and United Health's optim 318 00:16:43,920 --> 00:16:47,160 Speaker 10: are X. They essentially serve as the middleman, right, who 319 00:16:47,200 --> 00:16:50,880 Speaker 10: help negotiate rebates on behalf of insurance companies with these 320 00:16:50,920 --> 00:16:55,760 Speaker 10: prescription drug manufacturers. And this specific administrative action is focused 321 00:16:55,840 --> 00:17:00,000 Speaker 10: on insulin. The FDC is essentially alleging that these pba 322 00:17:00,280 --> 00:17:03,480 Speaker 10: have been pushing for higher cost insulin products because that 323 00:17:03,560 --> 00:17:06,920 Speaker 10: in turn would result in higher benefits and higher fees 324 00:17:07,280 --> 00:17:10,480 Speaker 10: for the companies. Of course, insulin has been a big 325 00:17:10,800 --> 00:17:15,040 Speaker 10: political issue here in Washington, not just for both sides 326 00:17:15,080 --> 00:17:17,920 Speaker 10: of the aisle. Right, you have Lena CON's considered to 327 00:17:17,960 --> 00:17:20,879 Speaker 10: be more of a progressive regulator at the FTC, but 328 00:17:21,000 --> 00:17:24,680 Speaker 10: you actually also caught up with Republican Congressman, the head 329 00:17:24,720 --> 00:17:28,359 Speaker 10: of the powerful Oversight Committee, James Comer a few weeks ago, 330 00:17:28,520 --> 00:17:31,399 Speaker 10: who told you that he also was looking into PBMs 331 00:17:31,680 --> 00:17:33,920 Speaker 10: and what it could mean for prices for Americans. I 332 00:17:33,960 --> 00:17:36,359 Speaker 10: think we have that cut now we can listen to it. 333 00:17:37,000 --> 00:17:41,400 Speaker 11: The PBMs are called their pharmacy benefit Managers were created 334 00:17:41,440 --> 00:17:44,480 Speaker 11: to be the middleman, to create it to help negotiate 335 00:17:44,600 --> 00:17:47,800 Speaker 11: the price of drugs, to make drugs cheaper. But what's 336 00:17:47,840 --> 00:17:50,439 Speaker 11: happened over time is the PBMs have been purchased by 337 00:17:50,480 --> 00:17:56,280 Speaker 11: the insurance companies who have purchased the pharmaceutical the pharmacies now, 338 00:17:56,480 --> 00:18:00,480 Speaker 11: so they're vertically integrated and they're actually gouging considers as 339 00:18:00,480 --> 00:18:02,480 Speaker 11: opposed to saving consumers money. 340 00:18:02,920 --> 00:18:07,520 Speaker 10: So, Joe, this FTC suit and administrative action actually caps 341 00:18:07,520 --> 00:18:11,040 Speaker 10: off a two year investigation by the agencies into PBMs 342 00:18:11,040 --> 00:18:13,720 Speaker 10: that you were hearing a Congressman Comber talk about there. 343 00:18:14,000 --> 00:18:16,880 Speaker 10: A report recently released by the FTC finds that these 344 00:18:16,960 --> 00:18:20,840 Speaker 10: three companies see eighty percent of the prescription drug of 345 00:18:20,920 --> 00:18:24,359 Speaker 10: refill's throw flow through their company, so they clearly have 346 00:18:24,440 --> 00:18:27,280 Speaker 10: a large market share when it comes to this. Now, 347 00:18:27,359 --> 00:18:30,679 Speaker 10: this headline just crossing. Now the FTC just filing this 348 00:18:30,720 --> 00:18:33,120 Speaker 10: administrative action. So we have yet to hear from the companies, 349 00:18:33,160 --> 00:18:35,280 Speaker 10: but you could tell that they were kind of gearing 350 00:18:35,359 --> 00:18:37,959 Speaker 10: up for this fight after the FDC dropped that report 351 00:18:38,040 --> 00:18:40,720 Speaker 10: earlier this year. They say that they are negotiating on 352 00:18:40,800 --> 00:18:43,320 Speaker 10: behalf of consumers and that without them, consumers would be 353 00:18:43,400 --> 00:18:48,280 Speaker 10: essentially going straight to the prescription drug manufacturers. And interestingly enough, 354 00:18:48,320 --> 00:18:52,800 Speaker 10: one of the company's Signa's express Scripts actually already put 355 00:18:52,920 --> 00:18:57,560 Speaker 10: forward a count a preemptive suit, perhaps alleging defamation off 356 00:18:57,600 --> 00:18:58,800 Speaker 10: of the FTC's. 357 00:18:58,400 --> 00:19:00,760 Speaker 3: Report released, So just wait for them wave here. I 358 00:19:00,800 --> 00:19:03,520 Speaker 3: guess in terms of a response, Tyler, this is fascinating, 359 00:19:03,560 --> 00:19:06,560 Speaker 3: and you mentioned that it centers on insulin, which you're right. 360 00:19:06,600 --> 00:19:10,520 Speaker 3: It's has become a big campaign trail issue. In fact, 361 00:19:10,640 --> 00:19:13,800 Speaker 3: both Joe Biden and Donald Trump like to take credit 362 00:19:13,880 --> 00:19:15,840 Speaker 3: for cappying the cost of insulin, which it was a 363 00:19:15,840 --> 00:19:18,600 Speaker 3: big priority for the start of the Biden administration. Could 364 00:19:18,600 --> 00:19:20,600 Speaker 3: this widen though, because this could this set the precedent 365 00:19:20,640 --> 00:19:22,119 Speaker 3: for other treatments or drugs. 366 00:19:22,359 --> 00:19:25,960 Speaker 10: Definitely. Well, it's notable that in this particular administrative action, 367 00:19:26,000 --> 00:19:29,639 Speaker 10: the FTC did not bring anything against the prescription drug makers, 368 00:19:29,640 --> 00:19:32,399 Speaker 10: although they did leave open the door potentially for that 369 00:19:32,520 --> 00:19:34,439 Speaker 10: like some big names that we know like Eli Lilly. 370 00:19:34,760 --> 00:19:36,919 Speaker 10: But also the FDC is really looking to kind of 371 00:19:37,000 --> 00:19:39,600 Speaker 10: use this to lay the ground for some other prescription 372 00:19:39,760 --> 00:19:41,760 Speaker 10: drug costs. Like you mentioned, this is becoming a big 373 00:19:41,800 --> 00:19:45,880 Speaker 10: political issue here in Washington. Both the candidates have been 374 00:19:45,960 --> 00:19:48,760 Speaker 10: touting the administrations they've been part of and what that 375 00:19:48,800 --> 00:19:52,120 Speaker 10: could mean for lowering prescription drugs. I'd point you most 376 00:19:52,160 --> 00:19:56,040 Speaker 10: recently to the Inflation Reduction Act, which capped insulin prices 377 00:19:56,080 --> 00:19:58,680 Speaker 10: at thirty five dollars per month for Medicare for those 378 00:19:58,720 --> 00:20:00,679 Speaker 10: on Medicare, but it remains to be seen what can 379 00:20:00,720 --> 00:20:02,160 Speaker 10: be done for those on private insurance. 380 00:20:02,200 --> 00:20:04,240 Speaker 3: Well, this is great information. That's something that you'll continue 381 00:20:04,240 --> 00:20:06,640 Speaker 3: to hear about from Vice President Harris on the campaign trail. 382 00:20:06,640 --> 00:20:09,639 Speaker 3: It's interesting how she adopts some things closely associated with 383 00:20:09,720 --> 00:20:13,280 Speaker 3: Joe Biden and distances herself from others. But this is 384 00:20:13,320 --> 00:20:15,720 Speaker 3: a winner on the campaign trail, right, That's why we're 385 00:20:15,760 --> 00:20:18,120 Speaker 3: hearing it from both sides. Tyler, thank you so much. 386 00:20:18,560 --> 00:20:21,240 Speaker 3: Find more on the terminal and online. And a great 387 00:20:21,240 --> 00:20:25,240 Speaker 3: story that Tyler has been pursuing here involving these pharmacy 388 00:20:25,320 --> 00:20:29,320 Speaker 3: benefits Managers PBMs as they call them. Tyler Kendall at Bloomberg, 389 00:20:29,359 --> 00:20:32,080 Speaker 3: thank you as we join you today live from Washington 390 00:20:32,440 --> 00:20:36,280 Speaker 3: with much more ahead on the campaign trail. Certainly a 391 00:20:36,400 --> 00:20:39,920 Speaker 3: wild story that came out of North Carolina last night. 392 00:20:40,000 --> 00:20:41,880 Speaker 3: We were in the late edition of Ballance of Power 393 00:20:41,920 --> 00:20:44,480 Speaker 3: trying to get our arms around this CNN report that 394 00:20:44,600 --> 00:20:49,280 Speaker 3: involves the Lieutenant governor. This is a man named Mark Robinson, 395 00:20:49,359 --> 00:20:52,720 Speaker 3: realizing you may not have been following lieutenant governor in 396 00:20:52,760 --> 00:20:56,600 Speaker 3: North Carolina, but he's running for the real job. Roy Cooper, 397 00:20:56,840 --> 00:21:01,280 Speaker 3: the Democrat who runs the governor's mansion right now, is 398 00:21:01,359 --> 00:21:03,680 Speaker 3: term limited. He's actually going to be joining Anne Marie 399 00:21:03,680 --> 00:21:06,080 Speaker 3: Hoydern a little bit later on today on Bloomberg. And 400 00:21:06,160 --> 00:21:08,240 Speaker 3: so there's a race underway right now to replace him. 401 00:21:08,240 --> 00:21:12,480 Speaker 3: Mark Robinson wants the big job. As of midnight last night, 402 00:21:14,440 --> 00:21:17,560 Speaker 3: the ballot is carved in stone. He cannot be removed. 403 00:21:17,600 --> 00:21:19,639 Speaker 3: So this is our race, no matter what. And if 404 00:21:19,640 --> 00:21:23,280 Speaker 3: you've been following this, it's pretty salacious stuff. I've already 405 00:21:23,280 --> 00:21:24,840 Speaker 3: had to go through this a couple of times on 406 00:21:24,880 --> 00:21:27,160 Speaker 3: the air, and I sort of regret at each time. 407 00:21:27,160 --> 00:21:31,480 Speaker 3: But Mark Robinson is reportedly playing around in some pretty 408 00:21:31,480 --> 00:21:35,680 Speaker 3: interesting social media platforms and on websites in which he 409 00:21:35,720 --> 00:21:38,280 Speaker 3: has referred to himself as a perv and a black Nazi. 410 00:21:38,320 --> 00:21:40,960 Speaker 3: This is not the kind of language, obviously, that helps 411 00:21:40,960 --> 00:21:44,600 Speaker 3: you win office, particularly in a state where the presidential 412 00:21:44,720 --> 00:21:49,040 Speaker 3: race is a one point contest. Now, we wanted to 413 00:21:49,040 --> 00:21:50,760 Speaker 3: talk to somebody who had a better sense of what 414 00:21:50,840 --> 00:21:52,639 Speaker 3: was going on on the ground. This has been a 415 00:21:52,680 --> 00:21:56,479 Speaker 3: big headline maker around the country, of course, But how 416 00:21:56,480 --> 00:21:59,920 Speaker 3: about in North Carolina where we find j Michael Bitzer 417 00:22:00,960 --> 00:22:03,800 Speaker 3: runs the politics department. He's chair of the politics department 418 00:22:03,840 --> 00:22:07,120 Speaker 3: at Kataba College in the tar Heel State. Michael, it's 419 00:22:07,160 --> 00:22:10,200 Speaker 3: great to see you. Thanks for joining us today on Bloomberg. 420 00:22:10,400 --> 00:22:13,399 Speaker 3: Is this something that people in North Carolina were already 421 00:22:13,440 --> 00:22:15,240 Speaker 3: talking about it? Did you find out when the rest 422 00:22:15,240 --> 00:22:16,440 Speaker 3: of the nation did yesterday? 423 00:22:17,760 --> 00:22:22,080 Speaker 12: Well, there had been a lot of conversations regarding how 424 00:22:22,200 --> 00:22:27,320 Speaker 12: much bad news would be dumped on a candidacy by 425 00:22:27,400 --> 00:22:32,080 Speaker 12: the Lieutenant Governor Mark Robinson if he was the gubernatorial nominee. 426 00:22:32,119 --> 00:22:36,000 Speaker 12: In fact, some of his primary opponents, Dale Folwell, the 427 00:22:36,040 --> 00:22:40,080 Speaker 12: state Treasurer Bill Graham, an attorney, tried to allude to 428 00:22:40,119 --> 00:22:44,480 Speaker 12: the Republican electorate. Look, if we nominate this gentleman, we 429 00:22:44,600 --> 00:22:49,040 Speaker 12: will have serious problems come the fall campaign. And so 430 00:22:49,280 --> 00:22:52,040 Speaker 12: those of us here in North Carolina had been hearing 431 00:22:52,160 --> 00:22:56,520 Speaker 12: through the kudzou vine line that indeed there were some issues. 432 00:22:56,880 --> 00:23:01,359 Speaker 12: We've known about his rhetoric, We've known about his controversial statements, 433 00:23:02,080 --> 00:23:05,840 Speaker 12: but this really hit the state much like not a 434 00:23:05,840 --> 00:23:09,080 Speaker 12: political earthquake, but much more like a political asteroid. 435 00:23:10,359 --> 00:23:13,159 Speaker 3: Well, there you go. It's not lost on us that 436 00:23:13,240 --> 00:23:15,879 Speaker 3: this all dropped the day before the ballot deadline. You 437 00:23:15,960 --> 00:23:19,119 Speaker 3: kind of wonder where the oppo book was until now. 438 00:23:19,600 --> 00:23:21,760 Speaker 3: But we did hear from Mark Robinson. We should hear 439 00:23:21,800 --> 00:23:23,720 Speaker 3: from him now for the sake of our audience. He 440 00:23:24,040 --> 00:23:27,879 Speaker 3: was answering to these charges on CNN. Here's what he said. 441 00:23:28,800 --> 00:23:31,800 Speaker 13: You all have seen to have truth and outright lives 442 00:23:31,840 --> 00:23:34,439 Speaker 13: of Josh Stein on these ads over and over again. 443 00:23:34,840 --> 00:23:39,159 Speaker 13: And now a story leaked by him the CNN is 444 00:23:39,280 --> 00:23:41,919 Speaker 13: up hearing. Now, let me reassure you the things that 445 00:23:42,000 --> 00:23:45,080 Speaker 13: you will see in that story, those are not the 446 00:23:45,119 --> 00:23:48,240 Speaker 13: words of Mark Robinson. You know my words, you know 447 00:23:48,359 --> 00:23:50,919 Speaker 13: my character, and you know that I have been completely 448 00:23:50,960 --> 00:23:53,080 Speaker 13: transparent in this race and before. 449 00:23:54,760 --> 00:23:57,159 Speaker 3: Well, Michael, it does seem you know his words, and 450 00:23:57,200 --> 00:23:59,480 Speaker 3: you don't sound surprised today. How about the people of 451 00:24:00,080 --> 00:24:02,639 Speaker 3: North Carolina. This has got to be the top story locally. 452 00:24:04,119 --> 00:24:07,159 Speaker 12: It is indeed locally and across the state. And I 453 00:24:07,160 --> 00:24:11,520 Speaker 12: think really the fallout is still descending upon the state. 454 00:24:11,920 --> 00:24:15,760 Speaker 12: You know, we've already had some local Republicans say, you 455 00:24:15,800 --> 00:24:18,160 Speaker 12: know what, for the good of the party, you need 456 00:24:18,200 --> 00:24:23,080 Speaker 12: to withdraw this was yesterday. We've had one now state senator, 457 00:24:23,119 --> 00:24:27,320 Speaker 12: a Democrat, say you need to resign as lieutenant governor 458 00:24:27,400 --> 00:24:31,480 Speaker 12: as well. But he was very adamant in his video 459 00:24:31,600 --> 00:24:35,280 Speaker 12: post that came out about ten minutes before the CNN 460 00:24:35,400 --> 00:24:39,320 Speaker 12: article was posted and said he wasn't going anywhere. And 461 00:24:39,400 --> 00:24:43,280 Speaker 12: so the ballots have been mailed out to military personnel 462 00:24:43,520 --> 00:24:47,480 Speaker 12: as of midnight last night. The ballots will go out 463 00:24:47,560 --> 00:24:51,720 Speaker 12: to North Carolinians next week who have requested absentee by 464 00:24:51,720 --> 00:24:55,600 Speaker 12: mail ballots. So we have Mark Robinson on the ballot 465 00:24:55,880 --> 00:24:57,160 Speaker 12: for November. 466 00:24:56,720 --> 00:24:59,920 Speaker 3: Fifth, and boy, he's not doing well in the poll 467 00:25:00,200 --> 00:25:02,359 Speaker 3: the most too well. The two recent I was looking 468 00:25:02,400 --> 00:25:06,320 Speaker 3: at today the Hill and Emerson College as Josh Stein 469 00:25:06,400 --> 00:25:09,600 Speaker 3: leading Mark Robinson by eight forty eight to forty percent. 470 00:25:09,680 --> 00:25:13,560 Speaker 3: The Carolina Journal Signal poll find Stein leading Robinson forty 471 00:25:13,600 --> 00:25:16,879 Speaker 3: six to thirty nine, a seven point lead. If this 472 00:25:17,080 --> 00:25:19,560 Speaker 3: race is lost for Republicans, what does it mean for 473 00:25:19,600 --> 00:25:22,080 Speaker 3: the top of the ticket where there is a one 474 00:25:22,240 --> 00:25:24,600 Speaker 3: point race here depending on where you look the two 475 00:25:24,640 --> 00:25:28,000 Speaker 3: I just mentioned, you've got Harris leading Trump by one 476 00:25:28,320 --> 00:25:31,760 Speaker 3: and Trump leading Harris by one. So this thing is tied. 477 00:25:33,200 --> 00:25:36,679 Speaker 12: Yeah, and everybody is expecting it to be tied until 478 00:25:36,760 --> 00:25:40,119 Speaker 12: November fifth. I mean, we are basically a fifty one 479 00:25:40,280 --> 00:25:44,879 Speaker 12: forty nine Republican federal state and a fifty one forty 480 00:25:44,960 --> 00:25:50,840 Speaker 12: nine Democratic statewide state executive office state. And so certainly 481 00:25:50,920 --> 00:25:55,200 Speaker 12: the question is if the fallout from the Robinson campaign 482 00:25:55,320 --> 00:25:59,520 Speaker 12: and this article does affect the top of the ballot, 483 00:25:59,720 --> 00:26:02,840 Speaker 12: but also down the ballot as well. We've also got 484 00:26:02,880 --> 00:26:06,760 Speaker 12: some controversial Republican candidates, one of whom is running for 485 00:26:06,800 --> 00:26:12,760 Speaker 12: Superintendent of Public Instruction, very controversial statements made by her 486 00:26:12,960 --> 00:26:18,640 Speaker 12: as well. The question becomes does the Robinson issue affect 487 00:26:18,720 --> 00:26:22,119 Speaker 12: down the ballot as well and also into the state 488 00:26:22,240 --> 00:26:26,800 Speaker 12: legislative races. The expectation is that Republicans will continue to 489 00:26:26,920 --> 00:26:30,800 Speaker 12: control the North Carolina General Assembly, but they are at 490 00:26:30,840 --> 00:26:36,000 Speaker 12: super majority numbers that is potentially in danger now. So 491 00:26:36,359 --> 00:26:39,040 Speaker 12: it's going to have a huge consequence. We're going to 492 00:26:39,080 --> 00:26:41,639 Speaker 12: have to wait for at least a week to see 493 00:26:41,680 --> 00:26:45,040 Speaker 12: the actual dynamics. But this was really brought on by 494 00:26:45,160 --> 00:26:50,200 Speaker 12: Republican primary voters. Two thirds of them supported Mark Robinson 495 00:26:50,520 --> 00:26:54,120 Speaker 12: he was the Trump candidate. Two years ago. They supported 496 00:26:54,200 --> 00:26:57,680 Speaker 12: Ted budd and Mark Walker as the Trump candidate. Two 497 00:26:57,720 --> 00:27:00,720 Speaker 12: thirds of them voted for those two candidates. So this 498 00:27:00,880 --> 00:27:03,679 Speaker 12: is really the North Carolina Trump Republican Party. 499 00:27:04,640 --> 00:27:07,760 Speaker 3: Well, Donald Trump called him Martin Luther King on steroids. 500 00:27:08,240 --> 00:27:11,520 Speaker 3: I wonder does this move MAGA voters Trump supporters in 501 00:27:11,560 --> 00:27:14,800 Speaker 3: North Carolina or is this really about affecting the few 502 00:27:14,880 --> 00:27:16,680 Speaker 3: undecided voters that you have left. 503 00:27:17,880 --> 00:27:22,000 Speaker 12: Yeah, we're about a three percent undecided or persuadable voters 504 00:27:22,000 --> 00:27:25,359 Speaker 12: who bounce down the ballot. I think that this will 505 00:27:25,400 --> 00:27:29,160 Speaker 12: really have an impact on them. The other core constituency 506 00:27:29,480 --> 00:27:32,920 Speaker 12: is what I would call the Nicky Haley primary Republican voter. 507 00:27:33,320 --> 00:27:38,120 Speaker 12: We've already seen major Republicans in North Carolina start Republicans 508 00:27:38,119 --> 00:27:43,440 Speaker 12: for Harris. Yesterday we saw Republicans for Stein. So if 509 00:27:43,520 --> 00:27:48,679 Speaker 12: there is a significant percentage of Republicans who say I 510 00:27:48,880 --> 00:27:53,240 Speaker 12: just can't support either the presidential or the gubernatorial candidates, 511 00:27:53,760 --> 00:27:58,640 Speaker 12: that small sliver of Republicans flipping over and going against 512 00:27:58,640 --> 00:28:03,760 Speaker 12: party loyalty to vot democratic would have huge consequences electorally. 513 00:28:04,080 --> 00:28:05,639 Speaker 12: Come November fifth. 514 00:28:06,119 --> 00:28:08,159 Speaker 3: When do your early ballots go out? I remember they 515 00:28:08,160 --> 00:28:10,480 Speaker 3: were delayed because of the RFK lawsuit. When are people 516 00:28:10,480 --> 00:28:13,760 Speaker 3: actually going to start voting in North Carolina before November. 517 00:28:14,320 --> 00:28:17,879 Speaker 12: So we'll actually probably have ballots from the military overseas 518 00:28:18,000 --> 00:28:22,920 Speaker 12: voters registered and accounted for tomorrow. Those ballots went out 519 00:28:22,960 --> 00:28:27,879 Speaker 12: today all residentials North Carolinians who have requested an absentee 520 00:28:27,920 --> 00:28:30,800 Speaker 12: by mail ballot. We'll get those next week, so we'll 521 00:28:30,840 --> 00:28:35,000 Speaker 12: start accumulating banking those ballots. But the big push will 522 00:28:35,040 --> 00:28:38,600 Speaker 12: really be absentee in person, the early voting Yes, that 523 00:28:38,680 --> 00:28:42,640 Speaker 12: will start on October seventeenth. The vast bulk of ballots 524 00:28:42,720 --> 00:28:45,960 Speaker 12: will be cast before November fifth, so. 525 00:28:46,120 --> 00:28:49,280 Speaker 3: Less than a month away. And this thing drops, you 526 00:28:49,320 --> 00:28:51,720 Speaker 3: know in our minute left, Michael, what does this mean 527 00:28:51,800 --> 00:28:53,960 Speaker 3: for the Kamala Harris campaign. Is it time to flood 528 00:28:54,000 --> 00:28:55,600 Speaker 3: the zone in North Carolina. 529 00:28:56,880 --> 00:28:59,680 Speaker 12: I think we're already seeing it. She's got ads running 530 00:28:59,760 --> 00:29:04,680 Speaker 12: up on various social media platforms tying Donald Trump to 531 00:29:04,800 --> 00:29:07,680 Speaker 12: Mark Robinson. You're going to see other Democrats do that. 532 00:29:07,800 --> 00:29:10,440 Speaker 12: Jeff Jackson has done that to Dan Bishop in our 533 00:29:10,480 --> 00:29:14,120 Speaker 12: attorney general race. She has really put in the infrastructure 534 00:29:14,200 --> 00:29:17,160 Speaker 12: and the resources. I would not be surprised if she 535 00:29:17,320 --> 00:29:20,360 Speaker 12: just doesn't start flooding the state with those kinds of 536 00:29:20,480 --> 00:29:21,640 Speaker 12: connection ads. 537 00:29:22,800 --> 00:29:25,600 Speaker 3: Well, are we glad we found j Michael Bitzer This 538 00:29:25,640 --> 00:29:28,120 Speaker 3: is great, Michael, thank you so much. But he's not 539 00:29:28,200 --> 00:29:31,840 Speaker 3: just running the Department of Politics at Kataba College. You 540 00:29:31,880 --> 00:29:35,160 Speaker 3: can find him on Twitter or x with the handle 541 00:29:35,440 --> 00:29:39,200 Speaker 3: bow Tie Politics. Michael, have you ever met Tom Keen 542 00:29:39,320 --> 00:29:41,600 Speaker 3: here at Bloomberg? Do you guys hang out on the weekends? 543 00:29:42,880 --> 00:29:44,959 Speaker 12: I have not, but I would be honored to do so. 544 00:29:45,880 --> 00:29:48,560 Speaker 3: We're going to make this happen. Remember I asked you this. 545 00:29:48,600 --> 00:29:50,200 Speaker 3: We're going to connect you guys. I think you might 546 00:29:50,240 --> 00:29:52,400 Speaker 3: have been separated earlier in life, but I hope that 547 00:29:52,440 --> 00:29:54,320 Speaker 3: you come back and talk to us about what in 548 00:29:54,360 --> 00:29:56,800 Speaker 3: the world is going to happen next in North Carolina. 549 00:29:56,880 --> 00:29:59,080 Speaker 3: J Michael Bitzer. What a treat to have him with 550 00:29:59,200 --> 00:29:59,440 Speaker 3: us here. 551 00:30:01,120 --> 00:30:04,640 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch 552 00:30:04,720 --> 00:30:07,760 Speaker 1: Just Live weekdays at noon Eastern on Applecarplay and then 553 00:30:07,800 --> 00:30:11,280 Speaker 1: Proudoro with the Bloomberg Business app. Listen on demand wherever 554 00:30:11,320 --> 00:30:20,840 Speaker 1: you get your podcasts, or watch us live on YouTube. 555 00:30:18,200 --> 00:30:21,280 Speaker 3: On the trail. Today, it is Kamala Harris back in 556 00:30:21,320 --> 00:30:25,000 Speaker 3: the Swing States doing Atlanta, Georgia. We've got a campaign 557 00:30:25,040 --> 00:30:28,880 Speaker 3: event the three o'clock hour here focused on the state's 558 00:30:28,920 --> 00:30:32,640 Speaker 3: abortion band. She's going to Madison, Wisconsin for a nighttime event, 559 00:30:32,680 --> 00:30:36,040 Speaker 3: and then back to Washington. Yes, it's the swing states 560 00:30:36,920 --> 00:30:40,120 Speaker 3: that matter, but as we look across the country, a 561 00:30:40,200 --> 00:30:41,920 Speaker 3: lot of other states that we're going to be focusing 562 00:30:41,920 --> 00:30:45,480 Speaker 3: on here that have been impacted by what many refer 563 00:30:45,600 --> 00:30:47,560 Speaker 3: to as the crisis at the border. And when you 564 00:30:47,640 --> 00:30:53,200 Speaker 3: consider the backdrop here of what's happening in Springfield, Ohio 565 00:30:53,680 --> 00:30:57,400 Speaker 3: and to a lesser degree, Aurora, California, Colorado, it brings 566 00:30:57,440 --> 00:31:00,800 Speaker 3: you to a really fascinating column here, a big take 567 00:31:01,280 --> 00:31:05,440 Speaker 3: at Bloomberg by our friend Sean Donnan, who shares the 568 00:31:05,440 --> 00:31:09,680 Speaker 3: byline here migrants are settling in thriving blue counties, not 569 00:31:09,840 --> 00:31:13,080 Speaker 3: the red counties that need them. This is a great 570 00:31:13,160 --> 00:31:16,400 Speaker 3: piece again of research, data driven journalism that brings truth 571 00:31:16,440 --> 00:31:19,400 Speaker 3: to something that we hear a lot of platitudes about. 572 00:31:19,680 --> 00:31:22,440 Speaker 3: Remembering that the Republican refrain about Democrats is they want 573 00:31:22,480 --> 00:31:25,480 Speaker 3: as many illegal aliens and migrants to come across that 574 00:31:25,560 --> 00:31:28,240 Speaker 3: border in any form they can get to change the 575 00:31:28,320 --> 00:31:31,400 Speaker 3: shape of the electorate. Elon Musk talks about this a lot, 576 00:31:31,640 --> 00:31:35,160 Speaker 3: that you'll turn the entire country into this immigrant driven 577 00:31:35,400 --> 00:31:39,840 Speaker 3: communist state. Eventually you will only have Democrats elected. But 578 00:31:39,960 --> 00:31:42,040 Speaker 3: let's get real. This is Bloomberg. Let's find out where 579 00:31:42,080 --> 00:31:45,560 Speaker 3: this is actually happening. Few issues. Figure is prominently as 580 00:31:45,600 --> 00:31:49,800 Speaker 3: immigration as the column states, and more importantly here in 581 00:31:49,840 --> 00:31:55,480 Speaker 3: terms of background, Bloomberg News analyzed immigration court data obtained 582 00:31:55,520 --> 00:32:00,360 Speaker 3: by researchers at Syracuse University that actually show where the 583 00:32:00,360 --> 00:32:03,640 Speaker 3: one point eight million asylum seekers and refugees who landed 584 00:32:03,680 --> 00:32:07,160 Speaker 3: in the US in the year twenty twenty three have 585 00:32:07,280 --> 00:32:09,920 Speaker 3: taken up residents. That's where we start our conversation with 586 00:32:10,240 --> 00:32:13,800 Speaker 3: Sean Donnan, aforementioned Bloomberg Senior writer for Economics and with 587 00:32:13,920 --> 00:32:15,760 Speaker 3: us again on the program. Sean, it's great to see you. 588 00:32:16,080 --> 00:32:18,800 Speaker 3: Congrats again on just a big piece of work here, 589 00:32:18,840 --> 00:32:22,200 Speaker 3: and I love these stories that bring truth to very 590 00:32:22,200 --> 00:32:25,840 Speaker 3: controversial topics that people talk about a lot without knowing 591 00:32:25,960 --> 00:32:28,800 Speaker 3: a lot. What are you learning here based on these 592 00:32:28,880 --> 00:32:31,560 Speaker 3: one point eight million people and where they've settled. 593 00:32:32,640 --> 00:32:35,320 Speaker 9: Yeah, thanks, thanks so much. I appreciate the kind words. 594 00:32:35,760 --> 00:32:38,040 Speaker 9: I think you know, we set out here to really 595 00:32:39,000 --> 00:32:42,520 Speaker 9: look at what we could say about where these migrants 596 00:32:43,520 --> 00:32:46,120 Speaker 9: have landed in the US, and we focused in particular 597 00:32:46,680 --> 00:32:49,360 Speaker 9: on the swing states in the US. We know that 598 00:32:49,440 --> 00:32:52,840 Speaker 9: this is a huge animating issue in this year's election. 599 00:32:52,880 --> 00:32:55,120 Speaker 9: We also know that that election is likely to be 600 00:32:55,160 --> 00:32:57,800 Speaker 9: decided in seven states, So we thought, let's look at 601 00:32:58,240 --> 00:33:00,680 Speaker 9: where these migrants have ended up. And we're in this 602 00:33:00,800 --> 00:33:03,640 Speaker 9: kind of rare period in American history where we actually 603 00:33:03,640 --> 00:33:11,440 Speaker 9: have good data on undocumented migrants because many now, if 604 00:33:11,520 --> 00:33:14,320 Speaker 9: you across the southern border, they hand themselves in and 605 00:33:14,520 --> 00:33:17,160 Speaker 9: they kind of enter the immigration system. They enter the 606 00:33:18,960 --> 00:33:21,760 Speaker 9: immigration court system, and they are given something called a 607 00:33:21,840 --> 00:33:24,680 Speaker 9: notice to appear, and when they do that, they nominate 608 00:33:25,240 --> 00:33:27,640 Speaker 9: an address somewhere in the United States. It's often the 609 00:33:27,680 --> 00:33:30,960 Speaker 9: address of a family member or a friend where they're headed, 610 00:33:31,000 --> 00:33:33,640 Speaker 9: and they're kind of allocated to immigration courts around the 611 00:33:33,680 --> 00:33:36,000 Speaker 9: country as a result of that, and that goes down 612 00:33:36,040 --> 00:33:38,239 Speaker 9: to the county level. And so we're actually able to 613 00:33:38,280 --> 00:33:42,400 Speaker 9: look at in a much better way than we have 614 00:33:42,640 --> 00:33:47,560 Speaker 9: been for many years at where immigrants are going. And 615 00:33:48,080 --> 00:33:52,800 Speaker 9: you know, part of this is unsurprising. We're seeing immigrants 616 00:33:52,840 --> 00:33:55,920 Speaker 9: to America today do what immigrants to America have done 617 00:33:55,920 --> 00:33:58,520 Speaker 9: for centuries, and that is to go to the places 618 00:33:58,720 --> 00:34:01,560 Speaker 9: where there's economic opportunity unity right where there's a local 619 00:34:01,600 --> 00:34:04,960 Speaker 9: growing economy, and many of those are some of the 620 00:34:04,960 --> 00:34:10,200 Speaker 9: bigger bluer metropolitan areas in the United States, and that 621 00:34:10,280 --> 00:34:14,560 Speaker 9: holds true for swing states. But we're also at this 622 00:34:14,640 --> 00:34:18,719 Speaker 9: interesting economic moment right now where as a result of 623 00:34:18,920 --> 00:34:24,360 Speaker 9: aging populations demographic changes that see baby boomers kind of 624 00:34:24,400 --> 00:34:28,080 Speaker 9: falling out of the workforce as they retire. We know, 625 00:34:28,280 --> 00:34:30,440 Speaker 9: and we've read a lot about this in recent years, 626 00:34:30,440 --> 00:34:33,400 Speaker 9: that there are shortages of workers in many places, and 627 00:34:33,480 --> 00:34:37,120 Speaker 9: in fact, some of the counties that need workers most 628 00:34:37,719 --> 00:34:40,920 Speaker 9: are in fact of red counties in these swing states, 629 00:34:40,960 --> 00:34:43,560 Speaker 9: places that have a shrinking population that are really really 630 00:34:44,040 --> 00:34:47,520 Speaker 9: facing an existential dilemma. And those are the places often 631 00:34:47,560 --> 00:34:51,480 Speaker 9: that are supporting Donald Trump most heavily, or have in 632 00:34:51,560 --> 00:34:56,480 Speaker 9: past elections, and where you really see this kind of 633 00:34:57,000 --> 00:35:02,000 Speaker 9: tension between what they need econo for the local economy 634 00:35:02,080 --> 00:35:05,480 Speaker 9: to survive, and that is more workers. And the politics 635 00:35:05,680 --> 00:35:09,720 Speaker 9: this year, and especially the heated politics around immigration, well this. 636 00:35:09,600 --> 00:35:12,040 Speaker 3: Is fascinating stuff as you find in the battleground states 637 00:35:12,040 --> 00:35:13,839 Speaker 3: that will decide the election. And we'll stick with these 638 00:35:13,880 --> 00:35:16,120 Speaker 3: seven for now, as we kind of do every day 639 00:35:16,160 --> 00:35:19,600 Speaker 3: on this program. About seventy two percent of migrants in 640 00:35:19,640 --> 00:35:23,000 Speaker 3: twenty twenty three went to Biden counties. So you just 641 00:35:23,040 --> 00:35:25,520 Speaker 3: said a couple of things, Sean. Was that because of 642 00:35:25,600 --> 00:35:30,680 Speaker 3: economic opportunity? Was it because of more friendly policies in 643 00:35:30,840 --> 00:35:35,080 Speaker 3: Blue states? Or was it because of just the cultural 644 00:35:36,360 --> 00:35:39,600 Speaker 3: lay of the land in what we call Biden States 645 00:35:39,800 --> 00:35:40,600 Speaker 3: or all of the above. 646 00:35:41,480 --> 00:35:43,920 Speaker 9: Yeah, look, I think the answer is a combination of 647 00:35:44,000 --> 00:35:47,080 Speaker 9: all all of the above. We also know that the 648 00:35:47,280 --> 00:35:51,760 Speaker 9: you know, the biggest population centers are are are often 649 00:35:51,840 --> 00:35:55,719 Speaker 9: the bluest parts of this country, and you know that 650 00:35:55,760 --> 00:36:00,440 Speaker 9: plays into it. They are bigger economies to kind of 651 00:36:00,520 --> 00:36:04,279 Speaker 9: local or municipal level, So you know, I think that's 652 00:36:04,320 --> 00:36:06,880 Speaker 9: part of it. But you also have you know, we 653 00:36:06,960 --> 00:36:09,799 Speaker 9: spent part of our time in reporting this piece in 654 00:36:09,800 --> 00:36:14,400 Speaker 9: Gwinnett County, Georgia, which is just outside of Atlanta and 655 00:36:14,560 --> 00:36:17,799 Speaker 9: is a place that has for decades now seen its 656 00:36:18,239 --> 00:36:23,960 Speaker 9: population transformed through immigration. Has a significant foreign born population 657 00:36:24,320 --> 00:36:27,720 Speaker 9: that has settled there over the last twenty thirty years 658 00:36:28,480 --> 00:36:32,600 Speaker 9: and that has really transformed the county and so on. 659 00:36:32,760 --> 00:36:36,640 Speaker 9: It's a place that prides itself on being welcoming to 660 00:36:37,120 --> 00:36:41,319 Speaker 9: migrants and to people from other cultures, and that is 661 00:36:41,360 --> 00:36:43,920 Speaker 9: really there in the local governments there, in the services. 662 00:36:44,000 --> 00:36:46,880 Speaker 9: We went to the local schools where you know, they 663 00:36:46,960 --> 00:36:52,040 Speaker 9: literally have an office with translators and other councilors that's 664 00:36:52,080 --> 00:36:57,920 Speaker 9: set up to welcome new immigrants who are settling in 665 00:36:58,000 --> 00:37:02,320 Speaker 9: the county and who may have different challenges from other students. 666 00:37:03,360 --> 00:37:05,479 Speaker 9: But one of the things you run into there is 667 00:37:05,560 --> 00:37:08,640 Speaker 9: that even the people who work day to day with 668 00:37:09,120 --> 00:37:11,560 Speaker 9: migrants in the community say, you know, we're really running 669 00:37:11,640 --> 00:37:15,440 Speaker 9: up against the kind of limit of our ability to 670 00:37:15,600 --> 00:37:19,359 Speaker 9: service these people, to cope with these people. A big 671 00:37:19,400 --> 00:37:22,080 Speaker 9: part of the draw in Gwinnett County or places like 672 00:37:22,160 --> 00:37:25,880 Speaker 9: it has been affordable housing. Well, you know, as we 673 00:37:25,920 --> 00:37:28,760 Speaker 9: are seeing in other parts of the country, the cost 674 00:37:28,760 --> 00:37:31,279 Speaker 9: of housing has gone up significantly, and that's bred some 675 00:37:31,360 --> 00:37:37,960 Speaker 9: resentment towards local or migrants who arriving in Gwenett County, 676 00:37:37,960 --> 00:37:41,359 Speaker 9: the new migrants who arrive, So you know, it's there 677 00:37:41,480 --> 00:37:44,600 Speaker 9: is this kind of complicated tension where in some of 678 00:37:44,600 --> 00:37:47,760 Speaker 9: these welcoming blue counties they're also struggling to deliver services. 679 00:37:47,800 --> 00:37:50,160 Speaker 9: That's certainly something you see in places like Massachusetts, where 680 00:37:50,160 --> 00:37:53,800 Speaker 9: there's a big debate now about the load of new migrants. 681 00:37:54,840 --> 00:37:58,480 Speaker 3: They're sure is as we underscore and you already mentioned, 682 00:37:58,480 --> 00:38:01,480 Speaker 3: though few migrants are settling in some of the red 683 00:38:01,480 --> 00:38:05,480 Speaker 3: counties that need them most, and by extension, few migrants 684 00:38:05,480 --> 00:38:10,600 Speaker 3: settling in counties that saw GDP decline. Does that become 685 00:38:10,640 --> 00:38:13,720 Speaker 3: a self fulfilling prophecy as we move forward? 686 00:38:14,480 --> 00:38:19,080 Speaker 9: Look, I think increasingly in the US, and you can 687 00:38:19,160 --> 00:38:23,280 Speaker 9: argue the world today, you know, people are the key 688 00:38:23,880 --> 00:38:29,759 Speaker 9: and population is the key to economic growth, you know, 689 00:38:29,800 --> 00:38:31,920 Speaker 9: and that's you know, a huge part of American history 690 00:38:31,960 --> 00:38:34,200 Speaker 9: as well. You know, through the nineteenth century. Part of 691 00:38:34,200 --> 00:38:37,160 Speaker 9: the reason that the US grew so strongly through that 692 00:38:37,320 --> 00:38:40,279 Speaker 9: that century was just a huge amount of migrants who 693 00:38:40,440 --> 00:38:43,440 Speaker 9: landed in the US. So there's a rich history of 694 00:38:43,480 --> 00:38:47,839 Speaker 9: immigration leading to growth in the United States and very 695 00:38:47,920 --> 00:38:52,040 Speaker 9: much when you talk to economic development people on the ground, 696 00:38:52,480 --> 00:38:54,920 Speaker 9: you know, and I've done that in around Swing States 697 00:38:55,680 --> 00:39:00,120 Speaker 9: this year. One of the key themes that are the 698 00:39:00,120 --> 00:39:03,000 Speaker 9: the first question they hear from companies looking to set 699 00:39:03,080 --> 00:39:06,040 Speaker 9: up there is do you have the workers right and 700 00:39:06,920 --> 00:39:10,279 Speaker 9: do you have the housing? Do you have the kind 701 00:39:10,320 --> 00:39:13,520 Speaker 9: of skilled workforce that I need to do that? And 702 00:39:13,680 --> 00:39:15,920 Speaker 9: we see this in you know, in Springfield, Ohio and 703 00:39:15,960 --> 00:39:18,560 Speaker 9: the debate as well there, you know, the reason a 704 00:39:18,600 --> 00:39:20,880 Speaker 9: lot of patients have ended up in Springfield, Ohio, is 705 00:39:20,880 --> 00:39:23,839 Speaker 9: because there's a lot of companies there who have been 706 00:39:24,040 --> 00:39:28,239 Speaker 9: looking for workers, and the Haitians have found opportunity there. 707 00:39:29,800 --> 00:39:33,360 Speaker 3: Really remarkable, as you point out, in past decades we 708 00:39:33,520 --> 00:39:35,040 Speaker 3: might not have been able to get all of this 709 00:39:35,200 --> 00:39:39,400 Speaker 3: information more now, more border crossers are turning themselves in 710 00:39:39,440 --> 00:39:43,640 Speaker 3: to apply for asylum and eventually a work permit, which 711 00:39:43,719 --> 00:39:47,120 Speaker 3: gives us sewn a better view of this than we've 712 00:39:47,120 --> 00:39:47,960 Speaker 3: ever had, isn't it. 713 00:39:49,480 --> 00:39:52,279 Speaker 9: Yeah? Look, and I think there's also and some of 714 00:39:52,320 --> 00:39:55,680 Speaker 9: my colleagues at Bloomberg have done some fantastic report reporting 715 00:39:55,920 --> 00:39:58,600 Speaker 9: around the immigration court system here in the United States 716 00:39:58,600 --> 00:40:01,040 Speaker 9: and just how overloaded it is. So we should be 717 00:40:01,080 --> 00:40:05,760 Speaker 9: clear here. You know, asylum seekers, you lodge an application 718 00:40:05,840 --> 00:40:08,280 Speaker 9: for asylum and then you can wait years to hear 719 00:40:09,800 --> 00:40:14,160 Speaker 9: whether or not that is accepted or not. And during 720 00:40:14,200 --> 00:40:20,759 Speaker 9: that time, many migrants do get work authorization as they're 721 00:40:20,800 --> 00:40:24,600 Speaker 9: waiting to hear the results of their case, and if 722 00:40:24,600 --> 00:40:27,799 Speaker 9: they are eventually rejected, then they are asked to leave 723 00:40:27,800 --> 00:40:31,200 Speaker 9: the country. In Atlanta, you kind of see an interesting 724 00:40:31,239 --> 00:40:33,880 Speaker 9: paradox there as well, and this is something the people 725 00:40:33,880 --> 00:40:38,240 Speaker 9: who work with new arrivals new migrants underground. We're talking 726 00:40:38,280 --> 00:40:41,120 Speaker 9: with me about when I was there earlier this summer, 727 00:40:41,760 --> 00:40:45,600 Speaker 9: and that is that the local immigration court there is 728 00:40:45,640 --> 00:40:49,040 Speaker 9: in fact one of the strictest in the country in 729 00:40:49,120 --> 00:40:55,320 Speaker 9: terms of how it treats asylum applications. Eighty three percent. 730 00:40:56,160 --> 00:40:59,560 Speaker 9: And this is based on a Bloomberg investigation that was 731 00:40:59,600 --> 00:41:03,120 Speaker 9: done our this year. Yeah, I'm eighty three percent of 732 00:41:03,160 --> 00:41:06,960 Speaker 9: asylum seekers who have their cases in that Atlantic court 733 00:41:07,000 --> 00:41:08,600 Speaker 9: are going to have their cases rejected. 734 00:41:09,680 --> 00:41:13,560 Speaker 3: Amazing. This is really important stuff. Sean thinks I compliment 735 00:41:13,600 --> 00:41:15,080 Speaker 3: him for the fun of it, But this is Bloomberg 736 00:41:15,120 --> 00:41:18,360 Speaker 3: at its best. Find the big take of Sean donnan 737 00:41:19,160 --> 00:41:21,440 Speaker 3: on the terminal and online. This is Bloomberg. 738 00:41:23,760 --> 00:41:27,040 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Can 739 00:41:27,239 --> 00:41:30,040 Speaker 1: just live weekdays at noon Eastern on Apple car Play 740 00:41:30,080 --> 00:41:32,480 Speaker 1: and then roud Oro with the Bloomberg Business app. You 741 00:41:32,520 --> 00:41:35,760 Speaker 1: can also listen live on Amazon Alexa from our flagship 742 00:41:35,840 --> 00:41:41,400 Speaker 1: New York station. Just say Alexa play Bloomberg eleven thirty. 743 00:41:42,440 --> 00:41:45,040 Speaker 2: We're going to take it now down from Washington to 744 00:41:45,160 --> 00:41:49,399 Speaker 2: North Carolina, where the gubernatorial race has been rocked by 745 00:41:49,400 --> 00:41:54,640 Speaker 2: a story published yesterday by CNN about Republican gubernatorial candidate 746 00:41:54,640 --> 00:41:58,480 Speaker 2: and current Lieutenant governor Mark Robinson, in which he about 747 00:41:58,520 --> 00:42:01,359 Speaker 2: a decade ago posted on a number of online porn 748 00:42:01,400 --> 00:42:04,960 Speaker 2: forums and others suggesting that he is a quote black 749 00:42:05,080 --> 00:42:07,520 Speaker 2: Nazi and referring to himself at one point as a 750 00:42:07,600 --> 00:42:11,880 Speaker 2: quote perv some disparaging language around Martin Luther King Junior 751 00:42:11,880 --> 00:42:15,200 Speaker 2: as well. Donald Trump, of course, has called Mark Robinson 752 00:42:15,239 --> 00:42:19,440 Speaker 2: Martin Luther King Junior on steroids in the past. Now 753 00:42:19,440 --> 00:42:23,359 Speaker 2: we should point out that Mark Robinson does deny these allegations. 754 00:42:23,360 --> 00:42:26,000 Speaker 2: He posted this video in response yesterday. 755 00:42:26,640 --> 00:42:29,640 Speaker 13: You all have seen to have truth and outright lives 756 00:42:29,719 --> 00:42:32,280 Speaker 13: of Josh Stein on these ads over and over again. 757 00:42:32,719 --> 00:42:36,360 Speaker 13: And now a story leaked by him to see Ann 758 00:42:36,880 --> 00:42:37,560 Speaker 13: is up hearing. 759 00:42:37,600 --> 00:42:39,320 Speaker 9: Now, let me reassure you. 760 00:42:39,200 --> 00:42:41,960 Speaker 13: The things that you will see in that story, those 761 00:42:42,120 --> 00:42:44,400 Speaker 13: are not the words of Mark Robinson. 762 00:42:44,760 --> 00:42:47,239 Speaker 9: You know my words, you know my character, and you. 763 00:42:47,320 --> 00:42:50,200 Speaker 13: Know that I have been completely transparent in this race. 764 00:42:50,320 --> 00:42:54,320 Speaker 3: And before a couple of important things to note here, Canley, 765 00:42:54,920 --> 00:42:59,040 Speaker 3: this is the only Democratic held governorship that is up 766 00:42:59,080 --> 00:43:02,399 Speaker 3: for election in this campaign in a state that Donald 767 00:43:02,440 --> 00:43:04,799 Speaker 3: Trump won in twenty twenty, So we were watching this 768 00:43:04,920 --> 00:43:09,120 Speaker 3: really closely all, Yes, it's It was at least too 769 00:43:09,160 --> 00:43:10,799 Speaker 3: close to call at one point, which made it one 770 00:43:10,840 --> 00:43:12,759 Speaker 3: of the most expensive races. It is not too close 771 00:43:12,800 --> 00:43:15,400 Speaker 3: to call any longer. The hill Emerson College finds an 772 00:43:15,440 --> 00:43:19,840 Speaker 3: eight point spread Josh Stein leading Mark Robinson. Carolina Journals 773 00:43:19,840 --> 00:43:23,000 Speaker 3: Signal poll finds a seven point lead by Josh Stein, 774 00:43:23,160 --> 00:43:26,279 Speaker 3: the Democrat. But one other important factor here is there 775 00:43:26,320 --> 00:43:29,759 Speaker 3: was a deadline at midnight. If they were going to 776 00:43:29,800 --> 00:43:32,040 Speaker 3: get Mark Robinson off the ballot, it would have had 777 00:43:32,160 --> 00:43:35,319 Speaker 3: to happen before then. So the ballot is codified, and 778 00:43:35,360 --> 00:43:35,879 Speaker 3: this is our. 779 00:43:35,840 --> 00:43:39,120 Speaker 2: Race well, and perhaps most important of all, on that ballot, 780 00:43:39,320 --> 00:43:42,520 Speaker 2: Mark Robinson's name will appear with Donald Trump's. And the 781 00:43:42,640 --> 00:43:44,680 Speaker 2: question is not just what it means for the outcome 782 00:43:44,840 --> 00:43:47,440 Speaker 2: of the gubernatorial race, but also what it means for 783 00:43:47,480 --> 00:43:51,120 Speaker 2: the outcome of the electoral college vote of North Carolina, 784 00:43:51,160 --> 00:43:53,799 Speaker 2: which a Democrat has not won since two thousand and eight. 785 00:43:53,840 --> 00:43:56,320 Speaker 2: But Poles suggest is neck and neck between Trump and Harris. 786 00:43:56,360 --> 00:43:58,880 Speaker 3: That would be a one point race according to the 787 00:43:58,920 --> 00:44:01,440 Speaker 3: same two poles I just mentioned. So let's assemble our 788 00:44:01,480 --> 00:44:04,799 Speaker 3: panel for their take on this. Jenni Shanzano is with us, 789 00:44:04,840 --> 00:44:09,680 Speaker 3: of course, Democratic analysts political science professor Iona University and 790 00:44:10,200 --> 00:44:14,319 Speaker 3: Bloomberg Politics contributor. Also joined today by Republican strategist more 791 00:44:14,320 --> 00:44:17,080 Speaker 3: A Gillespie Blue Stack Strategies. It's great to have you 792 00:44:17,120 --> 00:44:17,920 Speaker 3: both with us here. 793 00:44:18,000 --> 00:44:18,200 Speaker 6: Mora. 794 00:44:18,320 --> 00:44:20,160 Speaker 3: I'll start with you. I hate to pull you into 795 00:44:20,160 --> 00:44:23,200 Speaker 3: such a salacious story, but this is something that will 796 00:44:23,280 --> 00:44:25,799 Speaker 3: rock the race, to Kaylee's point, and we're wondering what 797 00:44:25,840 --> 00:44:28,480 Speaker 3: this means for the top of the ticket. We should 798 00:44:28,480 --> 00:44:31,560 Speaker 3: note Mark Robinson was already not sharing a stage because 799 00:44:31,600 --> 00:44:34,080 Speaker 3: of some concerns over his rhetoric with Donald Trump. What 800 00:44:34,080 --> 00:44:35,320 Speaker 3: would the campaign do now? 801 00:44:35,640 --> 00:44:39,640 Speaker 6: Well, what's frustrating for the Republican Party is that presumably this 802 00:44:39,719 --> 00:44:43,200 Speaker 6: man was vetted, and yet Trump, the more president, still 803 00:44:43,239 --> 00:44:46,520 Speaker 6: endorsed him, knowing that he called women who advocated for 804 00:44:46,560 --> 00:44:49,600 Speaker 6: birth control to be witches, wanted women to no longer 805 00:44:49,640 --> 00:44:50,920 Speaker 6: have the vote, would like to go back to that 806 00:44:51,000 --> 00:44:54,120 Speaker 6: time he talked about wanting to have slaves, he wanted 807 00:44:54,160 --> 00:44:55,839 Speaker 6: you know, the list goes on, and I won't say 808 00:44:55,840 --> 00:44:58,360 Speaker 6: it all here, but the things that he has publicly said, 809 00:44:59,080 --> 00:45:01,759 Speaker 6: with videos to it doesn't bode well. 810 00:45:01,800 --> 00:45:03,759 Speaker 7: And yet the for a President endorsed him. 811 00:45:03,760 --> 00:45:06,120 Speaker 6: And so now we're taking this backstep to try and 812 00:45:06,120 --> 00:45:06,960 Speaker 6: diss himself. 813 00:45:06,960 --> 00:45:09,399 Speaker 7: It feels really too little, too late. 814 00:45:10,160 --> 00:45:12,000 Speaker 6: But I think what's going to be damaging in North 815 00:45:12,000 --> 00:45:14,120 Speaker 6: Carolina typically is the fact that people may not want 816 00:45:14,160 --> 00:45:16,239 Speaker 6: to turn out to vote because they are not going 817 00:45:16,280 --> 00:45:18,440 Speaker 6: to feel comfortable to go and sit and hit the 818 00:45:18,480 --> 00:45:20,680 Speaker 6: Republican button for Trump and then have a go down 819 00:45:20,719 --> 00:45:24,080 Speaker 6: ballot and their vote cast for someone like Mark Robinson. 820 00:45:24,120 --> 00:45:25,960 Speaker 6: So I think what you're going to see is people 821 00:45:26,080 --> 00:45:28,719 Speaker 6: maybe not turning out to vote, and that'll be a 822 00:45:28,800 --> 00:45:31,799 Speaker 6: huge problem with the Trump campaign, but also just you know, 823 00:45:32,280 --> 00:45:34,160 Speaker 6: speaking across the state, it is a problem. 824 00:45:34,840 --> 00:45:37,960 Speaker 2: Well, so, Genie, then the question becomes what the Democratic 825 00:45:37,960 --> 00:45:40,799 Speaker 2: ticket does in response. If you're Kamala Harris's campaign, are 826 00:45:40,840 --> 00:45:43,399 Speaker 2: you saying great, now is an opportunity to double down 827 00:45:43,400 --> 00:45:47,560 Speaker 2: and throw resources into North Carolina or are you thinking, Okay, well, 828 00:45:47,560 --> 00:45:49,520 Speaker 2: we can still focus on those blue wall states. We 829 00:45:49,600 --> 00:45:51,520 Speaker 2: have to win. This is just a nice to win 830 00:45:51,560 --> 00:45:53,719 Speaker 2: and perhaps this story takes care of it for us. 831 00:45:55,040 --> 00:45:57,960 Speaker 8: Yeah. I think they have the resources with their fundraising 832 00:45:58,000 --> 00:46:01,359 Speaker 8: they've done, which has been amazing to spend on both 833 00:46:01,400 --> 00:46:04,160 Speaker 8: They obviously have to try to get those blue wall states. 834 00:46:04,200 --> 00:46:08,279 Speaker 8: That's priority number one. But North Carolina one point at 835 00:46:08,360 --> 00:46:11,520 Speaker 8: this at this moment, that is something that they can 836 00:46:11,600 --> 00:46:15,400 Speaker 8: pick up and that would be a huge boost. Imagine 837 00:46:15,400 --> 00:46:19,680 Speaker 8: a scenario where Donald Trump loses Pennsylvania but can still 838 00:46:19,719 --> 00:46:23,440 Speaker 8: win the electoral College if he holds North Carolina and 839 00:46:23,520 --> 00:46:27,760 Speaker 8: he loses because of Mark Robinson. I mean, Donald Trump 840 00:46:27,800 --> 00:46:31,600 Speaker 8: has done this to himself. This is herschel Walker all 841 00:46:31,640 --> 00:46:32,240 Speaker 8: over again. 842 00:46:32,560 --> 00:46:32,719 Speaker 13: Right. 843 00:46:32,800 --> 00:46:37,120 Speaker 8: Mitch McConnell said, candidates matter. They matter an awful lot. 844 00:46:37,400 --> 00:46:39,560 Speaker 8: And I have to tell you, just personally, when I 845 00:46:39,600 --> 00:46:44,000 Speaker 8: heard yesterday about this uproar, I thought, what else, given 846 00:46:44,040 --> 00:46:46,600 Speaker 8: a litany of things Mora just told us, could he 847 00:46:46,680 --> 00:46:49,239 Speaker 8: have done which would outrage people so much. I mean, 848 00:46:49,520 --> 00:46:51,800 Speaker 8: this is a man who's an anti semi he is 849 00:46:51,840 --> 00:46:55,279 Speaker 8: a Holocaust denier, he has anti LGBTQ rights, he has 850 00:46:55,320 --> 00:46:57,399 Speaker 8: anti women. I mean he has said all of these 851 00:46:57,440 --> 00:47:00,440 Speaker 8: things publicly, so you know to hear there is more here. 852 00:47:00,480 --> 00:47:03,400 Speaker 8: I couldn't imagine what it was. It's not even something 853 00:47:03,440 --> 00:47:06,319 Speaker 8: you can say on television. It is so awful. And 854 00:47:06,400 --> 00:47:09,160 Speaker 8: this is what's not The Republicans now running scared because 855 00:47:09,200 --> 00:47:12,399 Speaker 8: this guy is kryptonite up and down the ballot, and 856 00:47:12,440 --> 00:47:16,239 Speaker 8: he threatens not just himself and the Republicans of North Carolina, 857 00:47:16,480 --> 00:47:18,960 Speaker 8: but Donald Trump. So it's a mess Donald Trump has 858 00:47:19,000 --> 00:47:21,239 Speaker 8: made and he's going to have to deal with it 859 00:47:21,280 --> 00:47:22,720 Speaker 8: because this guy is now. 860 00:47:22,560 --> 00:47:23,240 Speaker 7: On the ballot. 861 00:47:24,040 --> 00:47:26,400 Speaker 3: Donald Trump's in North Carolina tomorrow night. Right, This'll be 862 00:47:26,440 --> 00:47:28,520 Speaker 3: interesting to see how he handles this, if he addresses 863 00:47:28,560 --> 00:47:31,800 Speaker 3: it at all, and what the chant in the crowd 864 00:47:31,840 --> 00:47:34,239 Speaker 3: will be. We should know, by the way, that the 865 00:47:34,800 --> 00:47:37,200 Speaker 3: governor of North Carolina, Governor Cooper, is going to be 866 00:47:37,239 --> 00:47:39,240 Speaker 3: sitting down for an interview with Anne Marie hor Dern 867 00:47:39,520 --> 00:47:41,520 Speaker 3: coming up just about two hours from now three thirty 868 00:47:41,520 --> 00:47:44,440 Speaker 3: pm Eastern time here on Bloomberg TV and Radio, and 869 00:47:44,480 --> 00:47:46,359 Speaker 3: you better believe this will come up. We should note 870 00:47:46,400 --> 00:47:49,160 Speaker 3: as well that in North Carolina, the governor and Lieutenant 871 00:47:49,239 --> 00:47:52,239 Speaker 3: governor are elected separately, they were not part of a 872 00:47:52,280 --> 00:47:54,680 Speaker 3: single ticket. So he'll be speaking as a Democrat in 873 00:47:54,719 --> 00:47:57,560 Speaker 3: this case about a Republican. Laura, I want to ask 874 00:47:57,600 --> 00:48:00,400 Speaker 3: you about what happened in Nevada today. Is well, so 875 00:48:00,400 --> 00:48:02,839 Speaker 3: you've got a forced error in North Carolina that could 876 00:48:02,840 --> 00:48:04,920 Speaker 3: bring a state to Kamala Harris, and you've got a 877 00:48:04,920 --> 00:48:07,680 Speaker 3: Supreme Court ruling that could bring her the state of 878 00:48:07,719 --> 00:48:10,200 Speaker 3: Nevada depends on how the math shakes out, but the 879 00:48:10,239 --> 00:48:13,480 Speaker 3: Supreme Court is cited with a state court in Nevada 880 00:48:13,880 --> 00:48:17,880 Speaker 3: to keep the Green Party Jill Stein off the ballot 881 00:48:17,920 --> 00:48:22,040 Speaker 3: because apparently signatures were not qualified properly in terms of 882 00:48:22,719 --> 00:48:26,279 Speaker 3: each signatory being registered to vote in the county of residents. 883 00:48:26,800 --> 00:48:30,120 Speaker 3: That's one or two points based on Bloomberg's swing state 884 00:48:30,160 --> 00:48:34,200 Speaker 3: poll that Jill Stein might automatically give Kamala Harris. Did 885 00:48:34,239 --> 00:48:38,359 Speaker 3: she just win two states without doing any work well? 886 00:48:38,400 --> 00:48:41,120 Speaker 6: And that's the interesting thing about this entire stretch of times, 887 00:48:41,160 --> 00:48:43,800 Speaker 6: as Joe Biden dropped out has been is if Kamala 888 00:48:43,800 --> 00:48:47,240 Speaker 6: Harris could just stay the course and stay steady appealing 889 00:48:47,280 --> 00:48:50,760 Speaker 6: to a wide kind of voter population. 890 00:48:50,760 --> 00:48:52,600 Speaker 7: She might be able to skate through and win this thing. 891 00:48:52,760 --> 00:48:55,840 Speaker 6: Because Donald Trump, the poor President, has derailed himself and 892 00:48:55,880 --> 00:48:59,120 Speaker 6: his campaign at every turn in this situation with Nevada. 893 00:48:59,160 --> 00:49:01,080 Speaker 6: What's interesting is that it sounds as though, you know, 894 00:49:01,120 --> 00:49:04,239 Speaker 6: when Jeannie said, candidates matter absolutely, but also following the 895 00:49:04,239 --> 00:49:07,759 Speaker 6: proper forms also matters, And it looks as though that's 896 00:49:07,800 --> 00:49:09,600 Speaker 6: what the mistake of the Green Party was when it 897 00:49:09,600 --> 00:49:12,440 Speaker 6: comes to jail Stein and Nevada. So it's it's just 898 00:49:12,480 --> 00:49:16,719 Speaker 6: these major mistakes, but some obviously with Donald Trump, he's 899 00:49:16,719 --> 00:49:21,200 Speaker 6: doing them populated. I mean, he's not you know, he's yesterday, 900 00:49:21,200 --> 00:49:23,520 Speaker 6: he's speaking to a group about trying to talk about 901 00:49:23,520 --> 00:49:26,800 Speaker 6: anti Semitism and then ends up blaming the Jewish population. 902 00:49:27,239 --> 00:49:30,400 Speaker 7: He cannot control himself or his ego. 903 00:49:30,719 --> 00:49:33,400 Speaker 6: And when you have an unsatiable ego, that's just dangerous 904 00:49:33,440 --> 00:49:35,040 Speaker 6: and it's a recipe for disaster. 905 00:49:35,080 --> 00:49:36,040 Speaker 7: And we're seeing that play out. 906 00:49:36,040 --> 00:49:37,960 Speaker 6: And Kamala Harris, all she has to do is sit 907 00:49:38,040 --> 00:49:41,000 Speaker 6: back and watch it, essentially and just continue to talk 908 00:49:41,080 --> 00:49:43,920 Speaker 6: in really like in big terms, because she doesn't have 909 00:49:43,960 --> 00:49:46,680 Speaker 6: to get into the nitty gritty things because Trump is 910 00:49:46,680 --> 00:49:47,640 Speaker 6: imploding in himself. 911 00:49:48,880 --> 00:49:51,200 Speaker 2: Well, Maura, I'm glad you raised his words. At what 912 00:49:51,280 --> 00:49:55,719 Speaker 2: was an anti Semitism summit yesterday, Donald Trump trying to 913 00:49:55,800 --> 00:49:58,840 Speaker 2: court Jewish donors, and he said, quote, in my opinion, 914 00:49:58,920 --> 00:50:02,080 Speaker 2: the Jewish people would have a lot to do with 915 00:50:02,200 --> 00:50:04,239 Speaker 2: a loss, going on to say it's only because of 916 00:50:04,239 --> 00:50:08,080 Speaker 2: the democratic hold or curse on you. And that's not 917 00:50:08,160 --> 00:50:10,279 Speaker 2: all we heard from Donald Trump. At the same event 918 00:50:10,360 --> 00:50:13,480 Speaker 2: last night. He also talked about reviving the Muslim ban 919 00:50:14,120 --> 00:50:16,879 Speaker 2: that was put into place under his administration. 920 00:50:16,960 --> 00:50:21,400 Speaker 14: Take a listen, yeah, well, ban refugee resettlement from terror 921 00:50:21,440 --> 00:50:25,040 Speaker 14: infested areas like the Gaza Strip, and we will seal 922 00:50:25,120 --> 00:50:28,120 Speaker 14: our border and bring back the travel ban. Remember the 923 00:50:28,160 --> 00:50:31,120 Speaker 14: famous travel ban. We didn't take people from certain areas 924 00:50:31,160 --> 00:50:33,880 Speaker 14: of the world because I didn't want to have people 925 00:50:33,960 --> 00:50:37,040 Speaker 14: ripping down and burning our shopping centers and killing people. 926 00:50:38,000 --> 00:50:40,320 Speaker 14: But we're not taking them from invested countries. 927 00:50:42,480 --> 00:50:44,719 Speaker 2: I should have been more careful with my words there. 928 00:50:44,760 --> 00:50:48,920 Speaker 2: Muslim travel ban, obviously is what he's advocating for. Once more, Genie, 929 00:50:49,000 --> 00:50:51,480 Speaker 2: you take these two things together, does any of it 930 00:50:51,840 --> 00:50:54,880 Speaker 2: do what Donald Trump maybe was trying to accomplish bringing 931 00:50:54,920 --> 00:50:57,400 Speaker 2: more Jewish voters specifically onto his side. 932 00:50:59,280 --> 00:51:02,520 Speaker 8: You know, I don't know yet. We really haven't seen 933 00:51:02,520 --> 00:51:04,440 Speaker 8: at least I haven't seen a lot of polling to 934 00:51:04,520 --> 00:51:07,440 Speaker 8: suggest that there is a large continent of the Jewish 935 00:51:07,440 --> 00:51:11,040 Speaker 8: community who was happy with some of what he did 936 00:51:11,040 --> 00:51:13,480 Speaker 8: when he was in office, and they feel that he 937 00:51:13,680 --> 00:51:17,960 Speaker 8: is a big supporter, maybe bigger than Biden and Harris 938 00:51:18,000 --> 00:51:21,200 Speaker 8: by their estimation of Israel. That said, you listen to 939 00:51:21,239 --> 00:51:23,360 Speaker 8: the language and that clip you just played, and you 940 00:51:23,719 --> 00:51:27,280 Speaker 8: look at that in the context of infested countries vermin 941 00:51:27,440 --> 00:51:30,920 Speaker 8: This is fascist language one oh one. It's the kind 942 00:51:30,960 --> 00:51:34,520 Speaker 8: he has used throughout his time in public life he 943 00:51:34,640 --> 00:51:38,960 Speaker 8: continues to use. And it of course underscores what the 944 00:51:39,000 --> 00:51:42,360 Speaker 8: Republicans are trying to do here, which is to keep 945 00:51:42,440 --> 00:51:45,799 Speaker 8: pointing to the issue of immigration because they feel that 946 00:51:45,960 --> 00:51:48,520 Speaker 8: is an issue that they can win on. And he 947 00:51:48,560 --> 00:51:50,960 Speaker 8: wants the United States to go back to something he 948 00:51:51,000 --> 00:51:53,080 Speaker 8: did when he was in office the first time, or 949 00:51:53,160 --> 00:51:55,840 Speaker 8: tried to do, which is the Muslim band. And so 950 00:51:56,200 --> 00:51:59,560 Speaker 8: if people listen carefully and the Harris's campaign has got 951 00:51:59,560 --> 00:52:02,960 Speaker 8: it with this, do they want to go back to that? 952 00:52:03,120 --> 00:52:06,120 Speaker 8: And the answer, you know, I would suggest is no, 953 00:52:06,280 --> 00:52:09,040 Speaker 8: because the polling the first time wasn't as supportive of 954 00:52:09,080 --> 00:52:10,600 Speaker 8: that as Donald Trump may have liked. 955 00:52:11,800 --> 00:52:14,480 Speaker 3: Mara, we only have one minute left. Does the Muslim 956 00:52:14,560 --> 00:52:19,680 Speaker 3: ban simply keep the base or add voters to Trump's column. 957 00:52:20,280 --> 00:52:22,680 Speaker 6: It's a talkie port that year members from from year's 958 00:52:22,680 --> 00:52:24,960 Speaker 6: past and from the twenty sixteen, so he's just recycling it. 959 00:52:25,360 --> 00:52:28,560 Speaker 6: When he goes into these diatribes, he does just use 960 00:52:28,640 --> 00:52:30,839 Speaker 6: old terms and old things that he knows that will 961 00:52:30,880 --> 00:52:33,279 Speaker 6: rile the base. So when you let in saying, you know, 962 00:52:33,360 --> 00:52:36,359 Speaker 6: he was trying to court large Jewish donors. I don't 963 00:52:36,360 --> 00:52:38,080 Speaker 6: know that he was trying to court Jewish owners the 964 00:52:38,120 --> 00:52:40,080 Speaker 6: way he spoke to them and pointing the finger at 965 00:52:40,080 --> 00:52:43,719 Speaker 6: them and blaming them for his presumed potential loss. Again, 966 00:52:43,800 --> 00:52:46,640 Speaker 6: this is a terrible strategy, and I highly doubt that 967 00:52:46,760 --> 00:52:48,520 Speaker 6: his campaign had. 968 00:52:48,400 --> 00:52:51,960 Speaker 7: Directed him to do such, you know, damage at this event. 969 00:52:53,800 --> 00:52:57,919 Speaker 2: All right, Mara Gillespie Bluestack Strategies are Republican panelists today 970 00:52:57,920 --> 00:53:01,800 Speaker 2: alongside Democratic panelists and Bloomberg Politics contributor Genie Shanzino of 971 00:53:01,840 --> 00:53:04,560 Speaker 2: the Center for the Study of the Democracy and Congress. 972 00:53:04,600 --> 00:53:05,680 Speaker 2: Thank you both so much. 973 00:53:15,120 --> 00:53:18,359 Speaker 3: Thanks for listening to the Balance of Power podcast. Make 974 00:53:18,360 --> 00:53:21,319 Speaker 3: sure to subscribe if you haven't already, at Apple, Spotify, 975 00:53:21,400 --> 00:53:24,000 Speaker 3: or wherever you get your podcasts, and you can find 976 00:53:24,080 --> 00:53:27,759 Speaker 3: us live every weekday from Washington, DC at Noontimeeastern at 977 00:53:27,760 --> 00:53:29,359 Speaker 3: Bloomberg dot com.